CHF/INR may rise to 96.3715 - 97.2892

Our pivot point stands at 93.11.

Our preference

The upside prevails as long as 93.11 is support.

Alternative scenario

Below 93.11, expect 91.58 and 90.66.

Comment

The RSI is above 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 93.73 and 93.18).

Supports and resistances

99.12 **

98.21 *

97.29 **

96.37

94.47 last

93.72

93.11 **

91.58 *

90.66 **

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