CHF/INR may rise 2809 - 4168 pips

Our pivot point is at 91.93.

Our preference

As long as 91.93 is support look for 92.55.

Alternative scenario

The downside breakout of 91.93 would call for 91.70 and 91.57.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (92.16) but above its 50 period moving average (92.06).

Supports and resistances

92.82 **

92.68 *

92.55 **

92.41

92.13 last

92.02

91.93 **

91.70 *

91.57 **

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