CHF/INR may rise 2968 - 4314 pips

Our pivot point stands at 95.84.

Our preference

As long as 95.84 is support look for 96.47.

Alternative scenario

The downside breakout of 95.84 would call for 95.61 and 95.48.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 95.99 and 95.82).

Supports and resistances

96.74 **

96.61 *

96.47 **

96.34

96.04 last

95.93

95.84 **

95.61 *

95.48 **

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