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.

Flavio Tosti Independent Analyst

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 price	71.9815
Today Daily Change	0.1045
Today Daily Change %	0.15
Today daily open	71.877

Trends
Daily SMA20	71.4014
Daily SMA50	71.273
Daily SMA100	71.2619
Daily SMA200	70.7082

Levels
Previous Daily High	71.997
Previous Daily Low	71.5255
Previous Weekly High	71.6475
Previous Weekly Low	71.125
Previous Monthly High	72.57
Previous Monthly Low	70.5875
Daily Fibonacci 38.2%	71.8169
Daily Fibonacci 61.8%	71.7056
Daily Pivot Point S1	71.6027
Daily Pivot Point S2	71.3283
Daily Pivot Point S3	71.1312
Daily Pivot Point R1	72.0742
Daily Pivot Point R2	72.2713
Daily Pivot Point R3	72.5457

Author

Flavio Tosti

Independent Analyst

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.