- USD/INR is bouncing off the 75.50 support as the New York forex session is starting.
- Resistance can emerge near the 76.00 figure.
USD/INR daily chart
USD/INR is stabilizing above the 75.50 support level while still below the 50 SMA on the daily chart. The market has been struggling to find a direction in May while confined in the 75.00/76.00 range. A daily close below the 75.50 level can yields more down with 75.00 as a potential target. On the other hand, resistance can emerge near the 76.00 figure.