USD/INR to take decisive move before Aug 10
USD/INR to take decisive move to hold or break the key support level of 74.48 on or before Aug 10. Fundamentals indicate break of support level and to touch the next even stronger support at 73.54.
Considering the factors like India's recent trade surplus, US elections and Dollar index in weak zone, if the level of 73.54 is broken, then the next support is at pre-covid level of 72.03.
On upside resistance points are at 75.39 and 76.13 levels.
Views are for educational purpose.
Considering the factors like India's recent trade surplus, US elections and Dollar index in weak zone, if the level of 73.54 is broken, then the next support is at pre-covid level of 72.03.
On upside resistance points are at 75.39 and 76.13 levels.
Views are for educational purpose.