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6 May 2020

USD/INR New York Price Forecast: Greenback parked below 76.00 figure vs. Indian rupee

  • USD/INR bull trend remains intact on the third day of the week.
  • The level to beat for bulls is the 76.00 resistance. 
 

USD/INR daily chart

 
 
USD/INR uptrend remains intact as the spot is trading above the main SMAs. The quote is rebounding while challenging the 76.00 figure. As buyers remain in control a break beyond the mentioned level can open the gates to further gains towards the 76.50 and 77.00 levels in the medium-term. On the flip side, support can be seen near the 75.00 and 74.50 price levels.  
 
 

Additional key levels

 

May 6, 2020

NOK/SEK: Attractive levels for entering longs – Nordea

NOK/SEK is at record low levels. Analysts at Nordea explain how to trade the pair. Key quotes “The question marks surrounding a long NOK/SEK position
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May 6, 2020

United States ADP Employment Change came in at -20236K, below expectations (-20050K) in April

United States ADP Employment Change came in at -20236K, below expectations (-20050K) in April
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