|

USD/INR New York Price Forecast: US Dollar trades near record-highs vs. Indian rupee

  • The US dollar is trading close to record highs as DXY (US dollar index) stays strong.
  • The level to beat for bulls is the 76.50 resistance. 
 

 

USD/INR daily chart

 
USD/INR is trading close to all-time highs as the quote remains parked below the 76.50 resistance. Brod-based USD strength is keeping the bull trend intact as USD/INR is set to rise towards the 77.00 and 78.00 level in the medium term while support can emerge the 75.50, 74.50 and 73.50 levels on the way down.
 

Additional key levels

USD/INR

Overview
Today last price76.0875
Today Daily Change-0.3325
Today Daily Change %-0.44
Today daily open76.42
 
Trends
Daily SMA2075.1053
Daily SMA5073.1475
Daily SMA10072.2151
Daily SMA20071.4369
 
Levels
Previous Daily High77.605
Previous Daily Low75.795
Previous Weekly High77.605
Previous Weekly Low74.95
Previous Monthly High77.86
Previous Monthly Low71.9975
Daily Fibonacci 38.2%76.9136
Daily Fibonacci 61.8%76.4864
Daily Pivot Point S175.6083
Daily Pivot Point S274.7967
Daily Pivot Point S373.7983
Daily Pivot Point R177.4183
Daily Pivot Point R278.4167
Daily Pivot Point R379.2283

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD weakens toward 1.1600 as firm US data revives the US Dollar

The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session.

GBP/USD drifts lower heading into NFP range

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows. Price briefly recovered earlier in the day on reports that Iran had indirectly signaled openness to talks with the CIA, but the bounce faded as Israeli officials reportedly advised Washington to disregard the overture. 

Gold slumps below $5,100 as US Dollar gains

Gold price tumbles to near $5,085 during the early Asian session on Friday. The precious metal loses ground amid a stronger US Dollar. The US employment report for February will take center stage later on Friday. 

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange, raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.