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26 May 2020
USD/INR New York Price Forecast: Greenback ticks down and challenges the 75.50 level
- USD/INR is challenging the 75.50 support as the New York forex session is kicking off.
- A daily close below the 75.50 level can be seen as bearish.
USD/INR daily chart
USD/INR is testing the 75.50 support level while below the 50 SMA on the daily chart. The bulls are losing some steam in the first half of the trading week. A close below the 75.50 level on a daily closing basis should lead to more down with 75.00 as a possible target. On the flip side, resistance is seen near the 76.00 figure.
Additional key levels