AUD/INR may rise 142 - 211 pips

54.388 is our pivot point.

Our preference

The upside prevails as long as 54.388 is support.

Alternative scenario

Below 54.388, expect 54.272 and 54.203.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 54.483 and 54.532).

Supports and resistances

54.884 **

54.815 *

54.746 **

54.677

54.535 last

54.434

54.388 **

54.272 *

54.203 **

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