CHF/INR may rise 3054 - 4504 pips

Our pivot point is at 93.21.

Our preference

Rebound towards 93.93.

Alternative scenario

Below 93.21, expect 92.97 and 92.82.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (93.47) but below its 50 period moving average (93.51).

Supports and resistances

94.22 **

94.07 *

93.93 **

93.78

93.48 last

93.30

93.21 **

92.97 *

92.82 **

Number of asterisks represents the strength of support and resistance levels.