USD/INR Price News: Indian rupee bears cheer break of monthly support line, 76.25 in focus

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While extending its break of the monthly resistance line, now support, USD/INR stays positive around 76.03 amid the initial Indian session on Monday.

Considering the sustained trading above short-term key resistance as well as bullish MACD, the pair is likely extending the recovery moves towards another falling trend line from April 06, at 76.25.

Though, a successful break of 76.25 will fuel the bids toward 77.00 ahead of pushing the bulls to challenge April month top near 77.40.

Meanwhile, 21-day SMA joins the resistance-turned-support line, near 75.70/65, to strengthen the immediate support.

Should there be a daily closing below 75.65, the monthly support line around 75.15/10 could grab the bears’ attention.

USD/INR daily chart

https://editorial.fxstreet.com/miscelaneous/USDINR_25052020-637259811092930311.png

Trend: Bullish

Additional important levels

Overview
Today last price76.025
Today Daily Change0.0299
Today Daily Change %0.04%
Today daily open75.9951

 

Trends
Daily SMA2075.6864
Daily SMA5075.7852
Daily SMA10073.8282
Daily SMA20072.5673

 

Levels
Previous Daily High76.0223
Previous Daily Low75.62
Previous Weekly High76.0223
Previous Weekly Low75.4707
Previous Monthly High76.975
Previous Monthly Low75.14
Daily Fibonacci 38.2%75.8686
Daily Fibonacci 61.8%75.7737
Daily Pivot Point S175.736
Daily Pivot Point S275.4768
Daily Pivot Point S375.3337
Daily Pivot Point R176.1383
Daily Pivot Point R276.2814
Daily Pivot Point R376.5406