NZD/INR may rise 23 - 35 pips

Our pivot point is at 50.75.

Our preference

As long as 50.75 is support look for 51.25.

Alternative scenario

Below 50.75, expect 50.55 and 50.44.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (50.92) but above its 50 period moving average (50.83).

Supports and resistances

51.48 **

51.36 *

51.25 **

51.13

50.90 last

50.82

50.75 **

50.55 *

50.44 **

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