SGD/INR may rise 80 - 120 pips

Our pivot point stands at 63.338.

Our preference

As long as 63.338 is support look for 63.533.

Alternative scenario

Below 63.338, expect 63.271 and 63.231.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 63.296 and 63.149).

Supports and resistances

63.612 **

63.572 *

63.533 **

63.493

63.413 last

63.364

63.338 **

63.271 *

63.231 **

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