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27 Apr 2020
USD/INR New York Price Forecast: Greenback holding vs. Indian rupee, trades near 76.30 level
- USD/INR is trading off the record high established last week at 76.97.
- The bull trend remains intact with bulls eyeing a break above the 76.50 level.
USD/INR daily chart
USD/INR bull trend remains intact as the market is trading above its main SMAs while making higher highs and lows. The spot is holding above the 75.50 support level while bulls are eager to resume the move up to bring the quote above the 76.50 level and the 77.00 figure en route towards the 78.00 figure. On the flip side, support can be seen near the 75.50 and 74.50 level.
Additional key levels