CHF/INR may rise 3108 - 4657 pips

Our pivot point stands at 92.86.

Our preference

Rebound.

Alternative scenario

Below 92.86, expect 92.60 and 92.44.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (93.06) but under its 50 period moving average (93.24).

Supports and resistances

93.89 **

93.74 *

93.58 **

93.43

93.12 last

92.96

92.86 **

92.60 *

92.44 **

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