Forex
AUD/INR Exchange Rate Faces Downward Pressure Amid Bearish Technical Indicators
The Australian Dollar (AUD) vs Indian Rupee (INR) exchange rate continues to face downward pressure as technical indicators reinforce a bearish bias.
According to the latest data, the AUD/INR pair remains below all major moving averages, including the 20-, 50-, and 200-day averages, indicating a prevailing downside bias for the pair across short-, medium-, and long-term horizons.
The Relative Strength Index (RSI) sits deep in oversold territory at 29.6553, with momentum signals from MACD, ADX, RSI, and several oscillators suggesting persistent weakness and seller dominance intraday.
Forecasters predict a range of ₹66.243 to ₹67.091 for the next five days, with a 71% probability of a move lower.