AUD/INR may rise to 57.727 - 58.336

Our pivot point stands at 55.478.

Our preference

The upside prevails as long as 55.478 is support.

Alternative scenario

Below 55.478, expect 54.459 and 53.852.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.686 and 55.217).

Supports and resistances

59.555 **

58.946 *

58.336 **

57.727

56.280 last

55.879

55.478 **

54.459 *

53.852 **

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