CHF/INR may fall 3384 - 5010 pips

93.33 is our pivot point.

Our preference

The downside prevails as long as 93.33 is resistance.

Alternative scenario

The upside breakout of 93.33, would call for 93.61 and 93.77.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 93.12 and 93.12).

Supports and resistances

93.77 **

93.61 *

93.33 **

93.23

93.12 last

92.78

92.61 **

92.45 *

92.29 **

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