SGD/INR may rise 86 - 129 pips

Our pivot point is at 62.142.

Our preference

The upside prevails as long as 62.142 is support.

Alternative scenario

Below 62.142, expect 62.070 and 62.027.

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 62.180 and 62.172).

Supports and resistances

62.428 **

62.385 *

62.342 **

62.299

62.213 last

62.171

62.142 **

62.070 *

62.027 **

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