SGD/INR may fall 144 - 211 pips

Our pivot point is at 64.270.

Our preference

Under pressure below 64.270.

Alternative scenario

Above 64.270, look for 64.384 and 64.451.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64.213 and 64.195).

Supports and resistances

64.451 **

64.384 *

64.270 **

64.226

64.181 last

64.037

63.970 **

63.902 *

63.835 **

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