SGD/INR may rise to 62.820 - 63.126

61.728 is our pivot point.

Our preference

The upside prevails as long as 61.728 is support.

Alternative scenario

The downside breakout of 61.728 would call for 61.214 and 60.909.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61.771 and 61.769).

Supports and resistances

63.738 **

63.432 *

63.126 **

62.820

62.182 last

61.929

61.728 **

61.214 *

60.909 **

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