SGD/INR may fall 141 - 211 pips

Our pivot point is at 64.018.

Our preference

As long as 64.018 is resistance look for 63.692.

Alternative scenario

Above 64.018, look for 64.136 and 64.207.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63.908 and 63.920).

Supports and resistances

64.207 **

64.136 *

64.018 **

63.972

63.903 last

63.762

63.692 **

63.621 *

63.551 **

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