USD/INR New York Price Forecast: Greenback settling above the 75.50 level vs. Indian rupee

 

 

USD/INF is challenging the 75.50 level along with the 50 SMA on the daily chart. A close above the mentioned level would be seen as bullish and encouraging sign for more upside potential with the 76.00 level on the radar followed by the 76.50 level. On the flip side, support can be seen near the 75.50 level, which remains fragile for now, followed by the 75.00 figure near the April lows.