SGD/INR may fall to 60.565 - 60.855

61.900 is our pivot point.

Our preference

The downside prevails as long as 61.900 is resistance.

Alternative scenario

The upside breakout of 61.900, would call for 62.388 and 62.679.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61.697 and 61.657).

Supports and resistances

62.679 **

62.388 *

61.900 **

61.709

61.450 last

60.855

60.565 **

60.275 *

59.985 **

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