19 May 2020
USD/INR New York Price Forecast: Greenback stabilizing just below the 76.00 figure vs. Indian rupee
- USD/INR is trading just below the 76.00 figure at the start of the New York session.
- A daily close above the 76.00 level should lead to more up.
USD/INR daily chart
USD/INR is chopping just below the 76.00 figure while trading above its main SMAs on the daily chart. The buying pressure should stay intact and a break above the mentioned level could lead to further advances with the 76.50 resistance level next on the bulls’ radar. On the other hand, retracements down may find support near 75.50 and 75.00 levels in the medium-term.
Additional key levels