SGD/INR may rise to 62.900 - 63.171

Our pivot point stands at 61.899.

Our preference

The upside prevails as long as 61.899 is support.

Alternative scenario

Below 61.899, expect 61.444 and 61.174.

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 62.116 and 61.864).

Supports and resistances

63.714 **

63.442 *

63.171 **

62.900

62.317 last

62.078

61.899 **

61.444 *

61.174 **

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