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  • USD/INR is starting May with a modest uptick on USD dynamics. 
  • The level to beat for bulls is the 76.00 figure. 

USD/INR daily chart

USD/INR bull trend remains intact as the spot is trading above the main SMAs while the market is consolidating near the 75.00 mark. Buyers remain in control and a break above the 76.00 figure can open the gates to more gains towards the 76.50 and 77.00 levels in the medium-term. On the flip side, support can be expected near the 75.00 and 74.50 price levels.  

Additional key levels