SGD/INR may rise to 62.460 - 62.762

Our pivot point is at 61.398.

Our preference

The upside prevails as long as 61.398 is support.

Alternative scenario

Below 61.398, expect 60.892 and 60.591.

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 trading above both its 20 and 50 period moving average (respectively at 61.688 and 61.714).

Supports and resistances

63.365 **

63.063 *

62.762 **

62.460

61.828 last

61.597

61.398 **

60.892 *

60.591 **

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