The US dollar losses started to get trimmed late yesterday probably because the anticipated timeline for the deal passed without an announcement. Nevertheless, the hopes for a deal will likely keep the greenback on the backfoot for now unless we get another escalation. A hot report will likely trigger a rally in the US dollar, with traders increasing rate hike bets. USDINR TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can see the price is breaking above the downward trendline that was defining the bearish momentum. USDINR TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we now have a minor upward trendline defining the current momentum.