SGD/INR may rise 141 - 211 pips

Our pivot point stands at 63.564.

Our preference

The upside prevails as long as 63.564 is support.

Alternative scenario

Below 63.564, expect 63.446 and 63.376.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 63.566 and 63.624). Finally, the SGD/INR has crossed above its upper Bollinger band (63.659).

Supports and resistances

64.021 **

63.951 *

63.881 **

63.811

63.670 last

63.611

63.564 **

63.446 *

63.376 **

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