CHF/INR may rise to 95.7476 - 96.8218

Our pivot point stands at 91.92.

Our preference

As long as 91.92 is support look for 96.82.

Alternative scenario

Below 91.92, expect 90.12 and 89.05.

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 93.32 and 92.26).

Supports and resistances

98.97 **

97.90 *

96.82 **

95.75

93.37 last

92.63

91.92 **

90.12 *

89.05 **

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