SGD/INR may rise 154 - 228 pips

Our pivot point stands at 64.245.

Our preference

The upside prevails as long as 64.245 is support.

Alternative scenario

The downside breakout of 64.245 would call for 64.121 and 64.047.

Comment

The RSI is above 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 64.336 and 64.345).

Supports and resistances

64.755 **

64.681 *

64.607 **

64.533

64.379 last

64.294

64.245 **

64.121 *

64.047 **

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