CHF/INR may fall to 89.1736 - 90.2094

Our pivot point stands at 93.81.

Our preference

Target 89.17.

Alternative scenario

The upside breakout of 93.81, would call for 95.56 and 96.59.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (93.36) but above its 50 period moving average (92.37).

Supports and resistances

96.59 **

95.56 *

93.81 **

93.13

92.39 last

90.21

89.17 **

88.14 *

87.10 **

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