CHF/INR may rise 3644 - 5287 pips

Our pivot point stands at 96.81.

Our preference

As long as 96.81 is support look for 97.57.

Alternative scenario

Below 96.81, expect 96.53 and 96.37.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 97.03 and 96.98).

Supports and resistances

97.90 **

97.74 *

97.57 **

97.41

97.05 last

96.92

96.81 **

96.53 *

96.37 **

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