SGD/INR may rise 88 - 133 pips

Our pivot point is at 62.158.

Our preference

Rebound towards 62.349.

Alternative scenario

Below 62.158, expect 62.084 and 62.039.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (62.213) but under its 50 period moving average (62.259).

Supports and resistances

62.437 **

62.393 *

62.349 **

62.304

62.216 last

62.187

62.158 **

62.084 *

62.039 **

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