SGD/INR may rise to 65.433 - 65.977

Our pivot point stands at 63.527.

Our preference

As long as 63.527 is support look for 65.977.

Alternative scenario

The downside breakout of 63.527 would call for 62.614 and 62.070.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64.203 and 63.169).

Supports and resistances

67.066 **

66.521 *

65.977 **

65.433

64.288 last

63.885

63.527 **

62.614 *

62.070 **

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