AUD/INR may rise 204 - 305 pips

Our pivot point is at 55.148.

Our preference

As long as 55.148 is support look for 55.595.

Alternative scenario

Below 55.148, expect 54.978 and 54.877.

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 55.257 and 55.202).

Supports and resistances

55.798 **

55.697 *

55.595 **

55.494

55.290 last

55.215

55.148 **

54.978 *

54.877 **

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