USD/INR New York Price Forecast: Greenback printing fresh all-time highs vs. Indian rupee

  • USD/INR bull trend stays intact as the quote is trading in the all-time highs.
  • The level to beat for bulls is the 77.00 resistance.  
 

USD/INR daily chart

 
USD/INR uptrend remains firmly in place as the spot is trading in all-time highs near 76.97 level. A break above the 77.00 resistance can yield futher gains towards the 78.00 and 79.00 figures. Conversely, support can emerge near the 76.50, 75.50 and 74.50 levels on any retracement.  
 

Additional key levels

 

Canada: CPI below 1% in March – TDS

Canadian CPI inflation decelerated sharply in March, falling 1.3pp to 0.9% y/y for the first sub-1% reading since 2015, per TD Securities. Key quotes
Baca lagi Previous

Gold Price Analysis: Challenges descending trend-channel resistance, above $1700 mark

Gold built on the overnight late rebound from over one-week lows and continued gaining some traction through the mid-European session. The precious me
Baca lagi Next