NZD/INR may rise to 52.64 - 53.33

50.21 is our pivot point.

Our preference

The upside prevails as long as 50.21 is support.

Alternative scenario

Below 50.21, expect 49.06 and 48.37.

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 50.51 and 50.07).

Supports and resistances

54.71 **

54.02 *

53.33 **

52.64

51.21 last

50.67

50.21 **

49.06 *

48.37 **

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