USD/INR may rise to 84.44 - 84.63

Our pivot point stands at 83.77.

Our preference

The upside prevails as long as 83.77 is support.

Alternative scenario

Below 83.77, expect 83.46 and 83.27.

Comment

The RSI is above 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 83.92 and 83.86).

Supports and resistances

85.01 **

84.82 *

84.63 **

84.44

84.05 last

83.90

83.77 **

83.46 *

83.27 **

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