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20 Mar 2020
USD/INR New York Price Forecast: Dollar grinding up into 30-year’s highs vs. Indian rupee
- USD/INR bull trend remains intact as the spot is navigating in three-decades highs.
- Broad-based USD demand can drive USD/INR to fresh 2020 highs.
USD/INR weekly chart
USD/INR is trading above its main weekly simple moving averages (SMAs) while trading close to three-decade highs challenging the 75.75 level. Exceptional USD demanding is keeping USD/INR well supported.
USD/INR daily chart
USD/INR is holding above the 75.00 figure while trading well above its main SMAs. Bulls want a daily close above 75.75 to have a run towards the 76.50 and 77.50 levels. Support can be found near the 75.00, 74.50 and 74.00 levels.
Additional key levels