CHF/INR may rise 4834 - 7087 pips

Our pivot point is at 98.26.

Our preference

The upside prevails as long as 98.26 is support.

Alternative scenario

Below 98.26, expect 97.88 and 97.66.

Comment

The RSI is above its neutrality area at 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 98.53 and 98.54).

Supports and resistances

99.73 **

99.50 *

99.28 **

99.05

98.57 last

98.41

98.26 **

97.88 *

97.66 **

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