AUD/INR may rise to 56.993 - 57.751

Our pivot point stands at 54.223.

Our preference

As long as 54.223 is support look for 57.751.

Alternative scenario

The downside breakout of 54.223 would call for 52.955 and 52.201.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.219 and 54.675).

Supports and resistances

59.267 **

58.509 *

57.751 **

56.993

55.391 last

54.720

54.223 **

52.955 *

52.201 **

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