SGD/INR may rise 152 - 222 pips

Our pivot point is at 63.628.

Our preference

As long as 63.628 is support look for 63.943.

Alternative scenario

The downside breakout of 63.628 would call for 63.510 and 63.440.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (63.732) but above its 50 period moving average (63.696).

Supports and resistances

64.084 **

64.013 *

63.943 **

63.873

63.721 last

63.675

63.628 **

63.510 *

63.440 **

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