SGD/INR may rise to 64.248 - 64.641

62.852 is our pivot point.

Our preference

The upside prevails as long as 62.852 is support.

Alternative scenario

Below 62.852, expect 62.193 and 61.801.

Comment

The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 62.727 and 62.164).

Supports and resistances

65.426 **

65.033 *

64.641 **

64.248

63.443 last

63.111

62.852 **

62.193 *

61.801 **

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