USD/INR Price News: Indian rupee buyers eye 75.65 on breaking 10-DMA, monthly support

USD/INR remains pressured around one-week low after breaking short-term key supports.
Receding bullish bias of MACD also favors sellers to aim for tops marked in April, October.

Anil Panchal FXStreet

USD/INR holds lower grounds near 75.75 during early Tuesday, after breaking the 10-DMA and an ascending support line from late November the previous day.

As the MACD line also teases sellers, backed by the aforementioned support break, USD/INR prices are likely to witness further downside.

However, the 75.65-63 region comprising highs marked in April and October becomes a tough nut to crack for the pair bears.

Should USD/INR bears conquer the 75.65 support, July’s peak of 75.01 will be in focus.

On the flip side, recovery moves remain elusive below the support-turned-resistance line near 76.00. Adding to the immediate upside filters is the 10-DMA level of 75.87.

During the USD/INR recovery beyond 76.00, the 76.30 level may offer an intermediate halt during the run-up to the latest peak of 76.59 and then to the 77.00 psychological magnet.

USD/INR: Daily chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price	75.759
Today Daily Change	-0.0095
Today Daily Change %	-0.01%
Today daily open	75.7685

Trends
Daily SMA20	75.3891
Daily SMA50	74.9629
Daily SMA100	74.4772
Daily SMA200	74.149

Levels
Previous Daily High	76.1832
Previous Daily Low	75.7325
Previous Weekly High	76.5958
Previous Weekly Low	75.556
Previous Monthly High	75.1908
Previous Monthly Low	73.8515
Daily Fibonacci 38.2%	75.9046
Daily Fibonacci 61.8%	76.011
Daily Pivot Point S1	75.6063
Daily Pivot Point S2	75.4441
Daily Pivot Point S3	75.1556
Daily Pivot Point R1	76.0569
Daily Pivot Point R2	76.3454
Daily Pivot Point R3	76.5076

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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