AUD/INR may rise to 57.914 - 58.636

55.284 is our pivot point.

Our preference

The upside prevails as long as 55.284 is support.

Alternative scenario

Below 55.284, expect 54.076 and 53.357.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.150 and 55.556). Finally, the AUD/INR is trading above its upper Bollinger band (standing at 56.317).

Supports and resistances

60.080 **

59.358 *

58.636 **

57.914

56.354 last

55.759

55.284 **

54.076 *

53.357 **

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