NZD/INR may rise 27 - 40 pips

Our pivot point is at 51.71.

Our preference

As long as 51.71 is support look for 52.27.

Alternative scenario

The downside breakout of 51.71 would call for 51.51 and 51.39.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (51.89) but above its 50 period moving average (51.75).

Supports and resistances

52.51 **

52.39 *

52.27 **

52.14

51.87 last

51.79

51.71 **

51.51 *

51.39 **

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