CHF/INR may rise 3306 - 4866 pips

Our pivot point stands at 93.48.

Our preference

As long as 93.48 is support look for 94.26.

Alternative scenario

The downside breakout of 93.48 would call for 93.22 and 93.06.

Comment

The RSI is above 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 93.77 and 93.68).

Supports and resistances

94.57 **

94.41 *

94.26 **

94.10

93.77 last

93.58

93.48 **

93.22 *

93.06 **

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