CHF/INR may fall to 88.0687 - 88.9972

Our pivot point is at 92.49.

Our preference

The downside prevails as long as 92.49 is resistance.

Alternative scenario

Above 92.49, look for 94.06 and 94.99.

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 91.64 and 91.81).

Supports and resistances

94.99 **

94.06 *

92.49 **

91.88

91.24 last

89.00

88.07 **

87.14 *

86.21 **

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