CHF/INR may fall to 94.6022 - 95.8005

100.00 is our pivot point.

Our preference

Target 94.60.

Alternative scenario

The upside breakout of 100.00, would call for 102.02 and 103.22.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (98.70) but above its 50 period moving average (98.31).

Supports and resistances

103.22 **

102.02 *

100.00 **

99.21

98.33 last

95.80

94.60 **

93.40 *

92.21 **

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