CHF/INR may rise 2892 - 4338 pips

93.28 is our pivot point.

Our preference

As long as 93.28 is support look for 93.91.

Alternative scenario

Below 93.28, expect 93.04 and 92.90.

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 price is above its 20 and 50 period moving average (respectively at 93.45 and 93.37).

Supports and resistances

94.20 **

94.06 *

93.91 **

93.77

93.48 last

93.38

93.28 **

93.04 *

92.90 **

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