USD/INR may rise 5 - 7 pips

84.01 is our pivot point.

Our preference

As long as 84.01 is support look for 84.15.

Alternative scenario

Below 84.01, expect 83.97 and 83.95.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 84.07 and 84.03).

Supports and resistances

84.20 **

84.18 *

84.15 **

84.13

84.08 last

84.03

84.01 **

83.97 *

83.95 **

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