SGD/INR may rise to 62.688 - 63.104

61.237 is our pivot point.

Our preference

The upside prevails as long as 61.237 is support.

Alternative scenario

Below 61.237, expect 60.540 and 60.125.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61.605 and 61.663).

Supports and resistances

63.934 **

63.519 *

63.104 **

62.688

61.824 last

61.510

61.237 **

60.540 *

60.125 **

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