USD/INR New York Price Forecast: Greenback holds above 75.00 figure vs. Indian rupee

 

 

 

USD/INR bull trend remains intact as the spot is trading above the main SMAs while the market is consolidating near the 75.00 mark. Buyers remain in control and a break above the 76.00 figure can open the gates to more gains towards the 76.50 and 77.00 levels in the medium-term. On the flip side, support can be expected near the 75.00 and 74.50 price levels.