USD/INR New York Price Forecast: Greenback bounces from lows, challenges the 75.50 resistance vs. Indian rupee

 

 

USD/INR found some footing near the 75.00 support level as the quote is regaining steam but still below the 50 SMA on the daily chart. As the bulls are back in charge the market will try to overcome the 75.50 resistance. However, a close below the 75.00 level on a daily basis can lead to renewed selling interest with 74.60 as a possible target. On the flip side, resistance can be expected near the 75.50 and 76.00 levels.