CHF/INR may rise to 99.9821 - 101.4441

94.80 is our pivot point.

Our preference

The upside prevails as long as 94.80 is support.

Alternative scenario

The downside breakout of 94.80 would call for 92.36 and 90.90.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95.76 and 94.26).

Supports and resistances

104.37 **

102.91 *

101.44 **

99.98

96.76 last

95.77

94.80 **

92.36 *

90.90 **

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