SGD/INR may fall 146 - 213 pips

Our pivot point stands at 64.099.

Our preference

The downside prevails as long as 64.099 is resistance.

Alternative scenario

The upside breakout of 64.099, would call for 64.212 and 64.279.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64.112 and 64.102).

Supports and resistances

64.279 **

64.212 *

64.099 **

64.054

64.010 last

63.864

63.797 **

63.730 *

63.662 **

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