SGD/INR may fall to 60.569 - 60.906

Our pivot point stands at 62.240.

Our preference

Under pressure below 62.240.

Alternative scenario

The upside breakout of 62.240, would call for 62.808 and 63.145.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61.750 and 61.613).

Supports and resistances

63.145 **

62.808 *

62.240 **

62.017

61.579 last

60.906

60.569 **

60.232 *

59.896 **

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