SGD/INR may rise 191 - 270 pips

Our pivot point is at 64.465.

Our preference

As long as 64.465 is support look for 64.839.

Alternative scenario

The downside breakout of 64.465 would call for 64.333 and 64.254.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (64.587) but above its 50 period moving average (64.459).

Supports and resistances

64.996 **

64.918 *

64.839 **

64.760

64.569 last

64.517

64.465 **

64.333 *

64.254 **

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