CHF/INR may rise 3046 - 4509 pips

Our pivot point is at 94.11.

Our preference

As long as 94.11 is support look for 94.78.

Alternative scenario

Below 94.11, expect 93.87 and 93.72.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.30 and 94.21).

Supports and resistances

95.07 **

94.93 *

94.78 **

94.63

94.33 last

94.21

94.11 **

93.87 *

93.72 **

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