NZD/INR may rise 22 - 32 pips

51.48 is our pivot point.

Our preference

As long as 51.48 is support look for 51.93.

Alternative scenario

Below 51.48, expect 51.31 and 51.22.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 51.61 and 51.57).

Supports and resistances

52.12 **

52.02 *

51.93 **

51.83

51.61 last

51.54

51.48 **

51.31 *

51.22 **

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