USD/INR to extend its bounce towards 76.40 on a break above 75.70 – SocGen

USD/INR is once again challenging the graphical hurdle of 75.70. Above here, the pair will target December levels of 76.40, economists at Société Générale report.

75.70 is next resistance

“The 75.70 resistance must be overcome for denoting extension in the bounce towards December levels of 76.40.”

“The 200-DMA at 74.30 is near-term support.”