SGD/INR may rise 151 - 219 pips

64.047 is our pivot point.

Our preference

The upside prevails as long as 64.047 is support.

Alternative scenario

Below 64.047, expect 63.933 and 63.865.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 64.109 and 64.107).

Supports and resistances

64.492 **

64.424 *

64.356 **

64.288

64.137 last

64.092

64.047 **

63.933 *

63.865 **

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