SGD/INR may rise 99 - 145 pips

Our pivot point stands at 61.481.

Our preference

The upside prevails as long as 61.481 is support.

Alternative scenario

Below 61.481, expect 61.403 and 61.357.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61.534 and 61.497).

Supports and resistances

61.809 **

61.762 *

61.716 **

61.670

61.571 last

61.511

61.481 **

61.403 *

61.357 **

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