SGD/INR may rise 95 - 138 pips

Our pivot point stands at 62.119.

Our preference

As long as 62.119 is support look for 62.317.

Alternative scenario

Below 62.119, expect 62.046 and 62.002.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 62.161 and 62.135).

Supports and resistances

62.405 **

62.361 *

62.317 **

62.274

62.179 last

62.148

62.119 **

62.046 *

62.002 **

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