NZD/INR may rise 19 - 29 pips

Our pivot point is at 51.07.

Our preference

The upside prevails as long as 51.07 is support.

Alternative scenario

Below 51.07, expect 50.90 and 50.81.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading under its 20 period moving average (51.20) but above its 50 period moving average (51.18).

Supports and resistances

51.67 **

51.58 *

51.48 **

51.38

51.19 last

51.13

51.07 **

50.90 *

50.81 **

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