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USD/INR New York Price Forecast: US dollar consolidates recent drop near 75.00 vs. Indian rupee

  • The US dollar is consolidating vs. the Indian rupee as the market retreats from record highs. 
  • Further consolidation can be expected.   
 

USD/INR daily chart

 
USD/INR is consolidating the slide seen on Thursday near the 75.00 figure. However, the market might need to consolidate further with a potential test down to the 74.00 level. Bulls want to retake the 76.00 handle to travel towards the 77.00 and 78.00 resistances. 
    

Additional key levels

USD/INR

Overview
Today last price 75.19
Today Daily Change 0.5100
Today Daily Change % 0.68
Today daily open 74.68
 
Trends
Daily SMA20 74.3363
Daily SMA50 72.5945
Daily SMA100 71.9733
Daily SMA200 71.2399
 
Levels
Previous Daily High 77.14
Previous Daily Low 74.655
Previous Weekly High 76.275
Previous Weekly Low 73.705
Previous Monthly High 72.84
Previous Monthly Low 71.077
Daily Fibonacci 38.2% 75.6043
Daily Fibonacci 61.8% 76.1907
Daily Pivot Point S1 73.8433
Daily Pivot Point S2 73.0067
Daily Pivot Point S3 71.3583
Daily Pivot Point R1 76.3283
Daily Pivot Point R2 77.9767
Daily Pivot Point R3 78.8133

 

 

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