SGD/INR may fall to 62.713 - 63.181

64.905 is our pivot point.

Our preference

The downside prevails as long as 64.905 is resistance.

Alternative scenario

Above 64.905, look for 65.693 and 66.161.

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 64.684 and 64.350).

Supports and resistances

66.161 **

65.693 *

64.905 **

64.596

64.194 last

63.181

62.713 **

62.246 *

61.779 **

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