AUD/INR may fall to 53.900 - 54.706

Our pivot point stands at 57.660.

Our preference

The downside prevails as long as 57.660 is resistance.

Alternative scenario

Above 57.660, look for 59.021 and 59.831.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57.080 and 56.550).

Supports and resistances

59.831 **

59.021 *

57.660 **

57.125

56.389 last

54.706

53.900 **

53.093 *

52.287 **

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