CHF/INR may fall to 93.6228 - 94.8562

Our pivot point stands at 99.19.

Our preference

The downside prevails as long as 99.19 is resistance.

Alternative scenario

Above 99.19, look for 101.27 and 102.50.

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 98.40 and 98.35).

Supports and resistances

102.50 **

101.27 *

99.19 **

98.37

97.45 last

94.86

93.62 **

92.39 *

91.16 **

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