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6 May 2020
USD/INR New York Price Forecast: Greenback parked below 76.00 figure vs. Indian rupee
- USD/INR bull trend remains intact on the third day of the week.
- The level to beat for bulls is the 76.00 resistance.
USD/INR daily chart
USD/INR uptrend remains intact as the spot is trading above the main SMAs. The quote is rebounding while challenging the 76.00 figure. As buyers remain in control a break beyond the mentioned level can open the gates to further gains towards the 76.50 and 77.00 levels in the medium-term. On the flip side, support can be seen near the 75.00 and 74.50 price levels.
Additional key levels