USD/INR New York Price Forecast: US dollar advance paused vs. Indian rupee, trades above 75.00 figure

  • The US dollar is consolidating gains just above the 75.00 figure.
  • The level to beat for bulls is the 75.70 level.   

USD/INR daily chart

The bull trend is intact as the spot remains well supported above the 74.00 level on broad-based USD strength. Bulls should be looking for a breakout above the 75.70 level which could introduce scope to the 76.00 and 77.00 figures while support should be expected near 75.00, 74.40 and 73.50 price levels on any pullback down.

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