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28 Apr 2020
USD/INR New York Price Forecast: Greenback stabilizes near 76.00 vs. Indian rupee
- USD/INR is trading below the record high made last week at 76.97.
- The bull trend stays intact with buyers looking for a break above the 76.50 level.
USD/INR daily chart
USD/INR bull trend stays intact as the spot is trading above the main SMAs while printing higher highs and lows. The quote is holding above the 75.50 support level while buyers are looking to resume the up move to bring the spot above the 76.50 level and the 77.00 figure en route towards the 78.00 figure. Conversely, support can emerge near the 75.50 and 74.50 level.
Additional key levels