SGD/INR may rise 142 - 210 pips

Our pivot point stands at 64.072.

Our preference

As long as 64.072 is support look for 64.385.

Alternative scenario

Below 64.072, expect 63.958 and 63.890.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (64.182) but above its 50 period moving average (64.130).

Supports and resistances

64.521 **

64.453 *

64.385 **

64.317

64.175 last

64.117

64.072 **

63.958 *

63.890 **

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