SGD/INR may rise 149 - 217 pips

Our pivot point is at 63.962.

Our preference

Our next up target stands at 64.269.

Alternative scenario

Below 63.962, expect 63.848 and 63.781.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64.037 and 64.038).

Supports and resistances

64.404 **

64.337 *

64.269 **

64.201

64.052 last

64.007

63.962 **

63.848 *

63.781 **

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