7640835 7/12/2017 5:13 PM, NZD/INR intraday: rebound


Our pivot point stands at 46.60.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 46.60 would call for 46.47 and 46.40.


Comment

: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (46.67) but below its 50 MA (46.78).


Supports and resistances

:

47.08 **

47.01 *

46.94 **

46.87

46.72 last

46.65

46.60 **

46.47 *

46.40 **