AUD/INR may rise 287 - 409 pips

56.456 is our pivot point.

Our preference

The upside prevails as long as 56.456 is support.

Alternative scenario

Below 56.456, expect 56.251 and 56.129.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56.615 and 56.535).

Supports and resistances

57.297 **

57.175 *

57.052 **

56.930

56.643 last

56.537

56.456 **

56.251 *

56.129 **

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