SGD/INR may rise 130 - 196 pips

Our pivot point stands at 64.333.

Our preference

The upside prevails as long as 64.333 is support.

Alternative scenario

Below 64.333, expect 64.224 and 64.158.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64.412 and 64.406).

Supports and resistances

64.754 **

64.689 *

64.624 **

64.558

64.428 last

64.376

64.333 **

64.224 *

64.158 **

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