Home USD/INR New York Price Forecast: Greenback bounces from lows, challenges the 75.50 resistance vs. Indian rupee
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USD/INR New York Price Forecast: Greenback bounces from lows, challenges the 75.50 resistance vs. Indian rupee

FX Street
Updated:
  • The greenback is bouncing from monthly lows vs. the Indian rupee. 
  • Resistance can be seen near the 75.50 level. 
 

USD/INR daily chart

 
USD/INR found some footing near the 75.00 support level as the quote is regaining steam but still below the 50 SMA on the daily chart. As the bulls are back in charge the market will try to overcome the 75.50 resistance. However, a close below the 75.00 level on a daily basis can lead to renewed selling interest with 74.60 as a possible target. On the flip side, resistance can be expected near the 75.50 and 76.00 levels.
 
 

Additional key levels

 

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