SGD/INR may rise 143 - 214 pips

Our pivot point stands at 63.841.

Our preference

Rebound.

Alternative scenario

Below 63.841, expect 63.722 and 63.652.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (63.872) but below its 50 period moving average (63.977).

Supports and resistances

64.289 **

64.218 *

64.148 **

64.077

63.934 last

63.888

63.841 **

63.722 *

63.652 **

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