SGD/INR may rise 146 - 213 pips

Our pivot point stands at 63.940.

Our preference

The upside prevails as long as 63.940 is support.

Alternative scenario

Below 63.940, expect 63.827 and 63.760.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 63.999 and 63.974).

Supports and resistances

64.391 **

64.324 *

64.256 **

64.189

64.043 last

63.985

63.940 **

63.827 *

63.760 **

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