USD/INR to reach the 2020 high of 77.00 on removal of 76.30/76.50 – SocGen

USD/INR has crossed above graphical hurdle of 75.70 which points towards further upside. 76.30/76.50 is next hurdle, economists at Société Générale report.

Initial support located at 75.00

“Next projections are located at 76.30/76.50 and 2020 peak of 77.00.” 

“Daily Ichimoku cloud at 75.00 is short-term support.”