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USD/INR New York Price Forecast: US dollar consolidates recent drop near 75.00 vs. Indian rupee

  • The US dollar is consolidating vs. the Indian rupee as the market retreats from record highs. 
  • Further consolidation can be expected.   
 

USD/INR daily chart

 
USD/INR is consolidating the slide seen on Thursday near the 75.00 figure. However, the market might need to consolidate further with a potential test down to the 74.00 level. Bulls want to retake the 76.00 handle to travel towards the 77.00 and 78.00 resistances. 
    

Additional key levels

 

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