AUD/INR may rise to 57.205 - 57.941

54.511 is our pivot point.

Our preference

As long as 54.511 is support look for 57.941.

Alternative scenario

Below 54.511, expect 53.279 and 52.546.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.346 and 54.765).

Supports and resistances

59.415 **

58.678 *

57.941 **

57.205

55.639 last

54.995

54.511 **

53.279 *

52.546 **

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