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USD/INR New York Price Forecast: Dollar clings to 30-year highs vs. rupee amidst broad-based USD demand

  • USD/INR bull trend stays intact as the quote is clinging to three-decades highs.
  • Broad-based USD demand is about to push USD/INR into uncharted territories. 
 

USD/INR weekly chart

 
USD/INR is trading above the main weekly simple moving averages (SMAs) while trading near three-decade highs challenging the 75.00 handle. Exceptional USD demand is lifting USD against most currencies.
 

USD/INR daily chart

 
USD/INR is challenging the 75.00 figure while trading well above the main SMAs. Bulls want a daily close above the level to have a run towards 75.75 and 76.50 resistances in the medium term. Support can be found near the 74.50, 74.00 and 73.50 levels. 
    

Additional key levels

USD/INR

Overview
Today last price74.85
Today Daily Change-0.0625
Today Daily Change %-0.08
Today daily open74.9125
 
Trends
Daily SMA2073.2042
Daily SMA5072.0306
Daily SMA10071.6894
Daily SMA20071.0605
 
Levels
Previous Daily High75.235
Previous Daily Low73.745
Previous Weekly High75.65
Previous Weekly Low73.228
Previous Monthly High72.84
Previous Monthly Low71.077
Daily Fibonacci 38.2%74.6658
Daily Fibonacci 61.8%74.3142
Daily Pivot Point S174.0267
Daily Pivot Point S273.1408
Daily Pivot Point S372.5367
Daily Pivot Point R175.5167
Daily Pivot Point R276.1208
Daily Pivot Point R377.0067

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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