22 May 2020
USD/INR New York Price Forecast: Greenback approaches 76.00 figure vs. Indian rupee
- USD/INR is trading near the 76.00 resistance as the New York forex session is kicking off.
- A close above the 76.00 level on a daily basis can lead to more up.
USD/INR daily chart
USD/INR is ranging above the 75.50 support and the 50 SMA on the daily chart. The buying pressure is keeping this market afloat. A daily close above the 76.00 resistance can lead to more up with 76.50 as a possible bullish target. On the flip side, a break below the 75.50 level can yield selling interest in the medium-term.
Additional key levels