OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/INR New York Price Forecast: Dollar grinding up into 30-year’s highs vs. Indian rupee

  • USD/INR bull trend remains intact as the spot is navigating in three-decades highs.
  • Broad-based USD demand can drive USD/INR to fresh 2020 highs. 
 

USD/INR weekly chart

 
USD/INR is trading above its main weekly simple moving averages (SMAs) while trading close to three-decade highs challenging the 75.75 level. Exceptional USD demanding is keeping USD/INR well supported.
 

USD/INR daily chart

 
USD/INR is holding above the 75.00 figure while trading well above its main SMAs. Bulls want a daily close above 75.75 to have a run towards the 76.50 and 77.50 levels. Support can be found near the 75.00, 74.50 and 74.00 levels. 
    

Additional key levels

 

Fed reestablishes USD swap lines with BoC, BoE, BoJ, SNB and ECB

"The US Federal Reserve along with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank a
Read more Previous

US Treasury Sec. Mnuchin: Tax filing day to be moved from April 15 to July 15

"At President Trump's direction, we are moving Tax Day from April 15 to July 15," US Treasury Secretary Steven Mnuchin announced, via Twitter on Frida
Read more Next
Start livechat