SGD/INR may rise to 62.522 - 62.903

Our pivot point stands at 61.175.

Our preference

As long as 61.175 is support look for 62.903.

Alternative scenario

Below 61.175, expect 60.535 and 60.154.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (61.780) but above its 50 period moving average (61.617).

Supports and resistances

63.666 **

63.285 *

62.903 **

62.522

61.758 last

61.427

61.175 **

60.535 *

60.154 **

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