CHF/INR may rise 3589 - 5126 pips

92.47 is our pivot point.

Our preference

Rebound towards 93.19.

Alternative scenario

Below 92.47, expect 92.21 and 92.06.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 92.78 and 92.88). Finally, the CHF/INR is trading below its lower Bollinger band (standing at 92.68).

Supports and resistances

93.50 **

93.35 *

93.19 **

93.04

92.68 last

92.57

92.47 **

92.21 *

92.06 **

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