AUD/INR may rise to 57.447 - 58.358

Our pivot point is at 54.188.

Our preference

The upside prevails as long as 54.188 is support.

Alternative scenario

Below 54.188, expect 52.664 and 51.756.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.019 and 54.605).

Supports and resistances

60.181 **

59.270 *

58.358 **

57.447

55.510 last

54.787

54.188 **

52.664 *

51.756 **

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