AUD/INR may rise to 57.661 - 58.329

Our pivot point is at 55.304.

Our preference

The upside prevails as long as 55.304 is support.

Alternative scenario

Below 55.304, expect 54.185 and 53.519.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.529 and 55.033). Finally, the AUD/INR has crossed above its upper Bollinger band (56.039).

Supports and resistances

59.665 **

58.997 *

58.329 **

57.661

56.281 last

55.743

55.304 **

54.185 *

53.519 **

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