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15 May 2020

USD/INR New York Price Forecast: Greenback boosted vs. Indian rupee, nearing 76.00 figure

  • USD is approaching the 76.00 figure vs. the Indian rupee. 
  • A daily close above the 76.00 level can lead to further strength. 
 

USD/INR daily chart

 
USD/INR is about to challenge the 76.00 figure while trading above the main SMAs on the daily time-frame. The bullish pressure remains intact and a break above the mentioned level should lead to extra-gains with the 76.50 resistance level on the bulls’radar. On the flip side, retracements down can find support near 75.50 and 75.00 levels in the medium-term.
  

Additional key levels

 

May 15, 2020

USD/CAD rallies to 1.4100 mark amid resurgent USD demand/escalating US-China tensions

The USD/CAD pair witnessed a dramatic intraday turnaround on Friday and rallied over 80 pips from the early European session swing lows to the 1.4020
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May 15, 2020

EUR/GBP in 6-week tops near 0.8900 on Brexit jitters

The increasing selling bias in the sterling is now pushing EUR/GBP higher to the vicinity of the 0.8900 mark on Friday, clinching at the same time fre
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