NZD/INR may rise to 51.95 - 52.55

Our pivot point stands at 49.73.

Our preference

Our next up target stands at 52.55.

Alternative scenario

Below 49.73, expect 48.73 and 48.13.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 50.00 and 50.65).

Supports and resistances

53.75 **

53.15 *

52.55 **

51.95

50.67 last

50.13

49.73 **

48.73 *

48.13 **

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