SGD/INR may fall to 60.691 - 61.013

Our pivot point stands at 62.174.

Our preference

Eye 60.691.

Alternative scenario

The upside breakout of 62.174, would call for 62.715 and 63.037.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (61.783) but above its 50 period moving average (61.643).

Supports and resistances

63.037 **

62.715 *

62.174 **

61.962

61.682 last

61.013

60.691 **

60.370 *

60.048 **

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