SGD/INR may rise 179 - 269 pips

Our pivot point stands at 64.663.

Our preference

The upside prevails as long as 64.663 is support.

Alternative scenario

Below 64.663, expect 64.512 and 64.422.

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 trading above both its 20 and 50 period moving average (respectively at 64.621 and 64.640).

Supports and resistances

65.236 **

65.147 *

65.057 **

64.967

64.788 last

64.722

64.663 **

64.512 *

64.422 **

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