AUD/INR may rise 174 - 256 pips

Our pivot point stands at 56.066.

Our preference

As long as 56.066 is support look for 56.465.

Alternative scenario

Below 56.066, expect 55.928 and 55.846.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 56.203 and 56.174).

Supports and resistances

56.629 **

56.547 *

56.465 **

56.383

56.209 last

56.120

56.066 **

55.928 *

55.846 **

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