AUD/INR may fall 235 - 341 pips

Our pivot point is at 55.698.

Our preference

Eye 55.182.

Alternative scenario

The upside breakout of 55.698, would call for 55.876 and 55.982.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (55.550) but above its 50 period moving average (55.521).

Supports and resistances

55.982 **

55.876 *

55.698 **

55.628

55.523 last

55.288

55.182 **

55.076 *

54.970 **

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