USD/INR New York Price Forecast: Greenback chopping below the 76.00 figure vs. Indian rupee

USD/INR is trading just below the 76.00 figure as the forex New York session is kicking off.
A close above the 76.00 level on a daily basis can lead to more up.

USD/INR daily chart

USD/INR is ranging just below the 76.00 figure and the 50 SMAs on the daily chart. The buying pressure is somewhat alleviating but remains present. Bulls would need a break above the 76.00 level for further advances with the 76.50 resistance level next on the radar. On the flip side, pullbacks down can find support near 75.50 and 75.00 levels in the medium-term.

Additional key levels

May 20, 2020

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