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2 Mar 2020
USD/INR New York Price Analysis: Dollar trading in 2020 highs vs. rupee
- USD/INR is pressuring the 73.00 figure.
- USD/INR bulls are likely looking to trade above the 2020 highs.
USD/INR weekly chart
Following the 2018 bull-market, USD/INR has been consolidating in a rectangle formation. The quote is trading above its main weekly simple moving averages (SMAs), suggesting a bullish momentum in the long term.
USD/INR daily chart
USD/INR is challenging the 2020 highs just below the 73.00 figure. A break above the above-mentioned level would lead to extra gains towards the 74.00 and 75.00 figures. Support is seen near the 72.65 and 72.40 price levels.
Additional key levels