SGD/INR may rise 104 - 148 pips

Our pivot point is at 61.921.

Our preference

The upside prevails as long as 61.921 is support.

Alternative scenario

Below 61.921, expect 61.848 and 61.805.

Comment

The RSI is above 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 61.943 and 61.905).

Supports and resistances

62.214 **

62.171 *

62.127 **

62.083

61.979 last

61.950

61.921 **

61.848 *

61.805 **

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