USD/INR Price Analysis: Bears need break of daily dynamic support

• USD/INR is attempting to correct the broad bearish trend. 
• The bulls will be looking to a significant correction in the greenback. 

The Indian Rupee has enjoyed a spell of US dollar weakness of late, with USD/INR plummeting towards familiar demand territory below. 

However, a correction could be on the cards for the near term in both the greenback and the INR cross.

The following illustrates the bias to the upside and also downside from first, a weekly perspective and then the daily:

Weekly chart

The slide has more room to go to the downside according to the weekly chart where the support area between 72.10/50 is illustrated.

However, the price is starting to correct and from a daily point of view, there are prospects of a correction. 

Daily chart

The old market structure near 73.25 is eyed as a potential target so long as dynamic support holds.