USD/INR Technical Analysis: Bounced off ascending trendline

• 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

Trend: neutral