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USD/INR New York Price Forecast: Dollar retreats from record highs, trades near 75.15 vs. Indian rupee

  • The US dollar is down vs. the Indian rupee as the market retreats from record highs. 
  • A deeper pullback down can be expected. 
  
 

USD/INR daily chart

 
USD/INR is retracing down sharply from record highs, challenging now the 75.00 figure. The spot can extend losses on a break below the 75.00 figure with 74.00 and 73.00 on the bears' radar. Resistance can be expected near 75.50, 76.00 and 76.50 levels.
   

Additional key levels

 

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