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  • USD/INR bull trend stays intact as the quote is clinging to three-decades highs.
  • Broad-based USD demand is about to push USD/INR into uncharted territories. 

USD/INR weekly chart

USD/INR is trading above the main weekly simple moving averages (SMAs) while trading near three-decade highs challenging the 75.00 handle. Exceptional USD demand is lifting USD against most currencies.

USD/INR daily chart

USD/INR is challenging the 75.00 figure while trading well above the main SMAs. Bulls want a daily close above the level to have a run towards 75.75 and 76.50 resistances in the medium term. Support can be found near the 74.50, 74.00 and 73.50 levels. 

Additional key levels