- USD/INR has bounced off the ascending trendline, invalidating the bearish divergence of the relative strength index (RSI) divergence, seen in the 15-min chart.
- That said, a break above 71.40 is needed to confirm a resumption of the corrective rally from the recent lows near 70.40. That would open up upside toward 71.82.
- A violation of the ascending trendline support, currently at 71.27, would revive the bearish RSI divergence and allow a test of 71.00.
15-min chart
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Trend: neutral
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