AUD/INR Pair Trades Flat Amid Persistent Downside Momentum
The Australian Dollar (AUD) vs Indian Rupee (INR) pair is trading at ₹68.0743, edging lower for the day, with weak momentum persisting in the market.
According to Traders Union, the pair remains below its key short- and medium-term moving averages while holding above longer-term support.
The analysis notes that bearish momentum dominates as MACD, ADX, RSI, and other oscillators confirm strong selling pressure and an oversold market.
A price consolidation between ₹67.7339 to ₹68.4147 over the next 2 to 3 days is predicted, with a high probability of further declines.