- March 19, 2020
- Posted by: Analysis Team
- Category: Forex News
USD/INR bull trend stays intact as the quote is clinging to three-decades highs.
Broad-based USD demand is about to push USD/INR into uncharted territories.
USD/INR weekly chart
USD/INR is trading above the main weekly simple moving averages (SMAs) while trading near three-decade highs challenging the 75.00 handle. Exceptional USD demand is lifting USD against most currencies.
USD/INR daily chart
USD/INR is challenging the 75.00 figure while trading well above the main SMAs. Bulls want a daily close above the level to have a run towards 75.75 and 76.50 resistances in the medium term. Support can be found near the 74.50, 74.00 and 73.50 levels.