USD/INR to continue its bounce towards 75.50/70 – SocGen

USD/INR has enjoyed a four-day winning streak though is retreating from five-week highs of 75.31 on Friday. Still, economists at Société Générale expect the pair to test the 75.50/70 region.

Revisit of 75.50/75.70 on the cards

“A quick rebound is under way and it could retest graphical levels of 75.50/75.70.”

“Only a break below 200-DMA at 74.30 would denote a deeper pullback.”