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USD/INR New York Price Forecast: Dollar advances vs. rupee, challenges 72.00 figure

  • USD/INR is trading at levels last seen in early January. 
  • The level to beat for buyers is the 72.00 resistance.
 

USD/INR weekly chart

 
After the 2018 bull-market, the USD/INR has been consolidating in a rectangle formation. The spot is trading above its main weekly simple moving averages (SMAs), suggesting a bullish momentum in the long term.  
 

USD/INR daily chart

 
USD/INR is rising to six-week highs while challenging the 72.00 figure. Bulls want a weekly close above the 72.00 level in order to target higher levels near 72.35 and 72.66. Support is seen near 71.60 and 71.20 levels.   
 

Additional key levels

USD/INR

Overview
Today last price 71.9815
Today Daily Change 0.1045
Today Daily Change % 0.15
Today daily open 71.877
 
Trends
Daily SMA20 71.4014
Daily SMA50 71.273
Daily SMA100 71.2619
Daily SMA200 70.7082
 
Levels
Previous Daily High 71.997
Previous Daily Low 71.5255
Previous Weekly High 71.6475
Previous Weekly Low 71.125
Previous Monthly High 72.57
Previous Monthly Low 70.5875
Daily Fibonacci 38.2% 71.8169
Daily Fibonacci 61.8% 71.7056
Daily Pivot Point S1 71.6027
Daily Pivot Point S2 71.3283
Daily Pivot Point S3 71.1312
Daily Pivot Point R1 72.0742
Daily Pivot Point R2 72.2713
Daily Pivot Point R3 72.5457

 

 

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