NZD/INR may rise 26 - 39 pips

Our pivot point stands at 52.04.

Our preference

The upside prevails as long as 52.04 is support.

Alternative scenario

Below 52.04, expect 51.84 and 51.71.

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 52.15 and 52.09).

Supports and resistances

52.86 **

52.74 *

52.62 **

52.49

52.23 last

52.12

52.04 **

51.84 *

51.71 **

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