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  • USD/INR is trading near the 75.50 level as the New York forex session is starting.
  • A close below the 75.50 level on a daily basis can lead to more down. 
 

USD/INR daily chart

 
USD/INR is ranging just above the 75.50 support but below the 50 SMA on the daily chart. The buying pressure is alleviating as bulls are losing some strength. A daily close below the 75.50 support can lead to more down with 75.00 figure as a possible bearish target. On the other hand, a break above the 76.00 level can yield buying interest.  
  

Additional key levels