NZD/INR may rise 18 - 26 pips

50.29 is our pivot point.

Our preference

Our next up target stands at 50.67.

Alternative scenario

Below 50.29, expect 50.15 and 50.06.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 50.39 and 50.41).

Supports and resistances

50.84 **

50.76 *

50.67 **

50.59

50.41 last

50.35

50.29 **

50.15 *

50.06 **

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