SGD/INR may rise 136 - 203 pips

Our pivot point stands at 63.866.

Our preference

Rebound towards 64.162.

Alternative scenario

Below 63.866, expect 63.753 and 63.686.

Comment

The RSI is below its neutrality area at 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 63.986 and 64.082).

Supports and resistances

64.297 **

64.229 *

64.162 **

64.095

63.959 last

63.911

63.866 **

63.753 *

63.686 **

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