USD/INR New York Price Forecast: US dollar consolidates recent drop near 75.00 vs. Indian rupee

The US dollar is consolidating vs. the Indian rupee as the market retreats from record highs.
Further consolidation can be expected.

Flavio Tosti Independent Analyst

USD/INR daily chart

USD/INR is consolidating the slide seen on Thursday near the 75.00 figure. However, the market might need to consolidate further with a potential test down to the 74.00 level. Bulls want to retake the 76.00 handle to travel towards the 77.00 and 78.00 resistances.

Additional key levels

USD/INR

Overview
Today last price	75.19
Today Daily Change	0.5100
Today Daily Change %	0.68
Today daily open	74.68

Trends
Daily SMA20	74.3363
Daily SMA50	72.5945
Daily SMA100	71.9733
Daily SMA200	71.2399

Levels
Previous Daily High	77.14
Previous Daily Low	74.655
Previous Weekly High	76.275
Previous Weekly Low	73.705
Previous Monthly High	72.84
Previous Monthly Low	71.077
Daily Fibonacci 38.2%	75.6043
Daily Fibonacci 61.8%	76.1907
Daily Pivot Point S1	73.8433
Daily Pivot Point S2	73.0067
Daily Pivot Point S3	71.3583
Daily Pivot Point R1	76.3283
Daily Pivot Point R2	77.9767
Daily Pivot Point R3	78.8133

Author

Flavio Tosti

Independent Analyst

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