AUD/INR may rise 412 - 529 pips

Our pivot point stands at 56.006.

Our preference

Rebound towards 56.727.

Alternative scenario

Below 56.006, expect 55.811 and 55.695.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56.227 and 56.314).

Supports and resistances

56.960 **

56.843 *

56.727 **

56.610

56.198 last

56.082

56.006 **

55.811 *

55.695 **

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