USD/INR may rise 9 - 13 pips

Our pivot point is at 83.54.

Our preference

As long as 83.54 is support look for 83.75.

Alternative scenario

Below 83.54, expect 83.48 and 83.45.

Comment

The RSI is above 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 (83.62) but above its 50 period moving average (83.61).

Supports and resistances

83.82 **

83.78 *

83.75 **

83.71

83.62 last

83.57

83.54 **

83.48 *

83.45 **

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