CHF/INR may rise 4399 - 6513 pips

96.87 is our pivot point.

Our preference

The upside prevails as long as 96.87 is support.

Alternative scenario

Below 96.87, expect 96.51 and 96.30.

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 97.04 and 96.96). Finally, the CHF/INR has crossed above its upper Bollinger band (97.20).

Supports and resistances

98.30 **

98.09 *

97.88 **

97.67

97.23 last

97.00

96.87 **

96.51 *

96.30 **

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