13 May 2020
US Dollar Index Asia Price Forecast: DXY supported above 75.00 figure vs. Indian rupee
- USD/INR finds some support near 75.00 and April lows.
- The level to beat for bulls is the 75.50 resistance.
USD/INR daily chart
USD/INR found some resistance near the 75.00 figure as the market is trading below the 50 SMA on the daily time frame. The spot is regaining some modest strength and it appears that market players are comfortable near the April lows still looking for a bounce and break above the 75.50 and 76.00 resistance to the upside.
Additional key levels