CHF/INR may rise to 102.3059 - 103.9447

Our pivot point stands at 96.63.

Our preference

As long as 96.63 is support look for 103.94.

Alternative scenario

Below 96.63, expect 93.89 and 92.25.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 98.51 and 96.32).

Supports and resistances

107.22 **

105.58 *

103.94 **

102.31

98.93 last

97.71

96.63 **

93.89 *

92.25 **

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