USD/INR Price Analysis: Bulls break the monthly trendline resistance

• USD/INR is heading higher on longer-term time frames. 
• Bulls break monthly trendline resistance. 

USD/INR is making headway deeper into the 75 areas and on the approach to the 21 April highs of 75.56. The following illustrates the price action in a top-down analysis.  

USD/INR monthly chart

The price is breaking the monthly trendline resistance for the month of October which leaves bullish prospects to follow. 

USD/INR weekly chart

The weekly chart shows that there are prospects of a correction to test the support and potentially as far as a 38.2% Fibo, however.