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8 May 2020
USD/INR Price Analysis: US dollar retreats below the 76.00 figure vs. Indian rupee
- USD/INR loses some moderate steam below the 76.00 figure.
- Support can be seen near the 75.00 figure.
USD/INR daily chart
USD/INR found some resistance near the 76.00 figure as the market is retreating down and testing the 50 SMA on the daily time frame. The spot is losing steam and it appears that some more consolidation has to take place potentially to the 75.00 figure at least in the medium-term.
Additional key levels