CHF/INR may fall to 89.7713 - 90.7985

Our pivot point is at 94.33.

Our preference

Target 89.77.

Alternative scenario

The upside breakout of 94.33, would call for 96.06 and 97.09.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (93.24) but above its 50 period moving average (92.53).

Supports and resistances

97.09 **

96.06 *

94.33 **

93.65

92.91 last

90.80

89.77 **

88.74 *

87.72 **

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