SGD/INR may rise to 62.809 - 63.106

61.730 is our pivot point.

Our preference

The upside prevails as long as 61.730 is support.

Alternative scenario

The downside breakout of 61.730 would call for 61.231 and 60.934.

Comment

The RSI is above its neutrality area at 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 61.903 and 61.823).

Supports and resistances

63.701 **

63.404 *

63.106 **

62.809

62.195 last

61.926

61.730 **

61.231 *

60.934 **

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