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USD/INR New York Price Forecast: US dollar challenges record highs vs. Indian rupee

  • The US dollar is trading near all-time highs as DXY (US dollar index) stays supported. 
  • The level to beat for bulls is the 76.50 level.   
 

USD/INR daily chart

 
USD/INR is trading near record highs as the spot is challenging the 76.50 level while. The tick up in DXY is keeping the bull trend intact as the quote is set to rise towards the 77.00 and 78.00 level in the medium term while support can emerge near the 75.50, 74.50 and 73.50 levels on the way down.
 

Additional key levels

 

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