SGD/INR may rise 150 - 217 pips

Our pivot point stands at 63.872.

Our preference

The upside prevails as long as 63.872 is support.

Alternative scenario

Below 63.872, expect 63.759 and 63.692.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 63.950 and 63.966).

Supports and resistances

64.325 **

64.258 *

64.190 **

64.123

63.973 last

63.917

63.872 **

63.759 *

63.692 **

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