CHF/INR may fall 3076 - 4434 pips

Our pivot point stands at 92.28.

Our preference

The downside prevails as long as 92.28 is resistance.

Alternative scenario

Above 92.28, look for 92.51 and 92.64.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92.22 and 92.27).

Supports and resistances

92.64 **

92.51 *

92.28 **

92.19

92.09 last

91.78

91.65 **

91.51 *

91.38 **

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