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USD/INR New York Price Forecast: Dollar advances vs. rupee, challenges 72.00 figure

  • USD/INR is trading at levels last seen in early January. 
  • The level to beat for buyers is the 72.00 resistance.
 

USD/INR weekly chart

 
After the 2018 bull-market, the USD/INR has been consolidating in a rectangle formation. The spot is trading above its main weekly simple moving averages (SMAs), suggesting a bullish momentum in the long term.  
 

USD/INR daily chart

 
USD/INR is rising to six-week highs while challenging the 72.00 figure. Bulls want a weekly close above the 72.00 level in order to target higher levels near 72.35 and 72.66. Support is seen near 71.60 and 71.20 levels.   
 

Additional key levels

USD/INR

Overview
Today last price71.9815
Today Daily Change0.1045
Today Daily Change %0.15
Today daily open71.877
 
Trends
Daily SMA2071.4014
Daily SMA5071.273
Daily SMA10071.2619
Daily SMA20070.7082
 
Levels
Previous Daily High71.997
Previous Daily Low71.5255
Previous Weekly High71.6475
Previous Weekly Low71.125
Previous Monthly High72.57
Previous Monthly Low70.5875
Daily Fibonacci 38.2%71.8169
Daily Fibonacci 61.8%71.7056
Daily Pivot Point S171.6027
Daily Pivot Point S271.3283
Daily Pivot Point S371.1312
Daily Pivot Point R172.0742
Daily Pivot Point R272.2713
Daily Pivot Point R372.5457

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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