USD/INR New York Price Forecast: Dollar off all-time highs, trades near 76.00 figure


  • USD/INR bull trend remains intact as the spot is trading near the all-time high.
  • The level to beat for buyers is the 78.00 figure.
 

USD/INR weekly chart

 
USD/INR is trading above the main weekly simple moving averages (SMAs) while trading near all-time highs. Exceptional USD demand should remain in place as the Fed launched its largest-ever open-ended bond-buying or QE (Quantitative Easing).
 

USD/INR daily chart

 
USD/INR is in consolidation mode while trading well above the main SMAs. Buyers remain in control as the spot finds support near the 76.00 figure. However, bulls will need to overcome the 77.00 and 78.00 figures in order to travel hit 80.00 big round number. Support is expected at the 76.00, 75.00 and 74.00 price levels. 
     

Additional key levels

USD/INR

Overview
Today last price 76.09
Today Daily Change 0.1400
Today Daily Change % 0.18
Today daily open 75.95
 
Trends
Daily SMA20 73.9828
Daily SMA50 72.4202
Daily SMA100 71.8895
Daily SMA200 71.1833
 
Levels
Previous Daily High 77.86
Previous Daily Low 75.885
Previous Weekly High 76.275
Previous Weekly Low 73.705
Previous Monthly High 72.84
Previous Monthly Low 71.077
Daily Fibonacci 38.2% 76.6394
Daily Fibonacci 61.8% 77.1056
Daily Pivot Point S1 75.27
Daily Pivot Point S2 74.59
Daily Pivot Point S3 73.295
Daily Pivot Point R1 77.245
Daily Pivot Point R2 78.54
Daily Pivot Point R3 79.22

 

 

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