SGD/INR may rise 146 - 203 pips

63.329 is our pivot point.

Our preference

As long as 63.329 is support look for 63.607.

Alternative scenario

Below 63.329, expect 63.234 and 63.177.

Comment

The RSI is above 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 63.390 and 63.355).

Supports and resistances

63.720 **

63.663 *

63.607 **

63.550

63.404 last

63.367

63.329 **

63.234 *

63.177 **

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