21 May 2020
USD/INR New York Price Forecast: The greenback is on the back near 75.50 level vs. Indian rupee
- USD/INR is trading near the 75.50 level as the New York forex session is starting.
- A close below the 75.50 level on a daily basis can lead to more down.
USD/INR daily chart
USD/INR is ranging just above the 75.50 support but below the 50 SMA on the daily chart. The buying pressure is alleviating as bulls are losing some strength. A daily close below the 75.50 support can lead to more down with 75.00 figure as a possible bearish target. On the other hand, a break above the 76.00 level can yield buying interest.
Additional key levels