CHF/INR may rise 3018 - 4502 pips

Our pivot point stands at 92.78.

Our preference

The upside prevails as long as 92.78 is support.

Alternative scenario

Below 92.78, expect 92.53 and 92.38.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92.88 and 92.87). Finally, the CHF/INR is trading above its upper Bollinger band (standing at 92.97).

Supports and resistances

93.73 **

93.58 *

93.43 **

93.28

92.98 last

92.88

92.78 **

92.53 *

92.38 **

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