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Forex

AUD/INR Pair Trades Flat Amid Persistent Downside Momentum

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AUD
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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.

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