- USD/INR loses the 75.50 level on Tuesday before US inflation.
- Support is seen near the 74.50 price level.
USD/INR daily chart
USD/INR broke below the 75.50 level after an initial test to the 76.00 figure at the start of the week on Monday. The market is declining below the 50 SMA and nearing he 75.00 figure. A break below this level can lead to further declines towards the 74.50 level in the medium-term. On the flip side, resistance can emerge near the 75.50 and 76.00 levels. Meanwhile, the US will release its inflation data for the month of April at 12.30 GMT.
Additional key levels
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