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7 May 2020
USD/INR New York Price Forecast: Greenback trading just below 76.00 figure vs. Indian rupee
- USD/INR uptrend remains intact on the second half of the week.
- The level to beat for buyers is the 76.00 resistance.
USD/INR daily chart
USD/INR bull trend remains intact as the quote is trading above its main SMAs. The market is currently trading just below the 76.00 figure. As bulls stay in control a break beyond the mentioned level can open the doors to further advances towards the 76.50 and 77.00 levels in the medium-term. Conversely, support can be seen near the 75.00 and 74.50 price levels.
Additional key levels