CHF/INR may rise to 95.7849 - 96.6327

Our pivot point stands at 92.82.

Our preference

The upside prevails as long as 92.82 is support.

Alternative scenario

The downside breakout of 92.82 would call for 91.40 and 90.56.

Comment

The RSI is above its neutrality area at 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 93.24 and 92.90).

Supports and resistances

98.33 **

97.48 *

96.63 **

95.78

94.06 last

93.38

92.82 **

91.40 *

90.56 **

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