SGD/INR may rise 147 - 215 pips

Our pivot point is at 64.083.

Our preference

As long as 64.083 is support look for 64.387.

Alternative scenario

The downside breakout of 64.083 would call for 63.969 and 63.902.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 64.154 and 64.090).

Supports and resistances

64.522 **

64.454 *

64.387 **

64.319

64.172 last

64.127

64.083 **

63.969 *

63.902 **

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