USD/INR New York Price Forecast: Dollar grinding up into 30-year’s highs vs. Indian rupee

USD/INR bull trend remains intact as the spot is navigating in three-decades highs.
Broad-based USD demand can drive USD/INR to fresh 2020 highs.

Flavio Tosti Independent Analyst

USD/INR weekly chart

USD/INR is trading above its main weekly simple moving averages (SMAs) while trading close to three-decade highs challenging the 75.75 level. Exceptional USD demanding is keeping USD/INR well supported.

USD/INR daily chart

USD/INR is holding above the 75.00 figure while trading well above its main SMAs. Bulls want a daily close above 75.75 to have a run towards the 76.50 and 77.50 levels. Support can be found near the 75.00, 74.50 and 74.00 levels.

Additional key levels

USD/INR

Overview
Today last price	75.3875
Today Daily Change	0.2525
Today Daily Change %	0.34
Today daily open	75.135

Trends
Daily SMA20	73.3671
Daily SMA50	72.1093
Daily SMA100	71.73
Daily SMA200	71.0885

Levels
Previous Daily High	75.7625
Previous Daily Low	74.3625
Previous Weekly High	75.65
Previous Weekly Low	73.228
Previous Monthly High	72.84
Previous Monthly Low	71.077
Daily Fibonacci 38.2%	75.2277
Daily Fibonacci 61.8%	74.8973
Daily Pivot Point S1	74.4108
Daily Pivot Point S2	73.6867
Daily Pivot Point S3	73.0108
Daily Pivot Point R1	75.8108
Daily Pivot Point R2	76.4867
Daily Pivot Point R3	77.2108

Author

Flavio Tosti

Independent Analyst

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