24 Apr 2020
USD/INR New York Price Analysis: Greenback trading sub-76.00 figure vs. Indian rupee
- USD/INR is trading off the record high established this week at 76.97.
- The pullback down can get going and become deeper.
USD/INR daily chart
USD/INR has been trading down in the last couple of days, hovering now below the 76.00 level. Bears seem to be in control for now and can extend the current correction to lower levels towards the 75.50 and 74.50 levels. On the flip side, bulls will attempt to bring back the market to 76.50 and the 77.00 figure which can both act as potential resistances.
Additional key levels