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USD/INR Technical Evaluation: Corrective bounce towards 70.00 doubtless

USD/INR might see a minor bounce to 70.00, because the relative energy index (RSI) on the hourly chart has diverged in favor of the bulls. 

Hourly chart

The bullish divergence of the RSI seen within the above chart signifies scope for a take a look at of provide across the descending trendline resistance, presently positioned at 70.06. Acceptance above trendline would neutralize rapid bearish pressures. 

As of writing, the pair is buying and selling at 69.74. 

Development: oversold bounce doubtless

 

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