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27 Mar 2020
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