AUD/INR may fall to 53.911 - 54.398

Our pivot point is at 56.233.

Our preference

Under pressure below 56.233.

Alternative scenario

Above 56.233, look for 57.055 and 57.545.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56.005 and 55.649).

Supports and resistances

57.545 **

57.055 *

56.233 **

55.910

55.458 last

54.398

53.911 **

53.423 *

52.936 **

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