OctaFX | OctaFX Forex Broker
Open trading account

USD/INR New York Price Forecast: Dollar easing from three-decades highs vs. rupee

  • USD/INR bull trend remains intact as the market is off three-decades highs.
  • A correction down cannot be ruled out. 

USD/INR weekly chart

USD/INR is trading above the main weekly simple moving averages (SMAs) while printing a fresh three-decade high at the 75.19 level.

USD/INR daily chart

The spot is pulling back down from the 75.00 figure while challenging the 74.00 level. A daily close below the above-mentioned level could lead to a deeper retracement down towards 73.50 and 73.00 levels. Bulls would need to recapture the 75.00 resistance to travel in uncharted territories. 

Additional key levels


United States Redbook Index (MoM) unchanged at -0.1% in March 6

United States Redbook Index (MoM) unchanged at -0.1% in March 6
Read more Previous

Wall Street rebounds following Monday's crash

Wall Street's main indexes started the second day of the week decisively higher after posting their largest daily percentage losses since 2008 on Mond
Read more Next
Start livechat