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  • USD/INR bull trend remains intact as the spot is navigating in three-decades highs.
  • Broad-based USD demand can drive USD/INR to fresh 2020 highs. 
 

USD/INR weekly chart

 
USD/INR is trading above its main weekly simple moving averages (SMAs) while trading close to three-decade highs challenging the 75.75 level. Exceptional USD demanding is keeping USD/INR well supported.
 

USD/INR daily chart

 
USD/INR is holding above the 75.00 figure while trading well above its main SMAs. Bulls want a daily close above 75.75 to have a run towards the 76.50 and 77.50 levels. Support can be found near the 75.00, 74.50 and 74.00 levels. 
    

Additional key levels