AUD/INR may rise 264 - 381 pips

55.518 is our pivot point.

Our preference

Rebound towards 56.093.

Alternative scenario

Below 55.518, expect 55.322 and 55.205.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 55.729 and 55.796).

Supports and resistances

56.328 **

56.210 *

56.093 **

55.976

55.712 last

55.596

55.518 **

55.322 *

55.205 **

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