Forex
CAD/INR Exchange Rate Drops Below Major Moving Averages
The Canadian Dollar vs Indian Rupee (CAD/INR) exchange rate is experiencing renewed selling momentum, causing it to drop below all major moving averages. This technical signal reinforces a weak intraday structure and bearish pressure across multiple timeframes.
According to the analysis, the CAD/INR remains under selling pressure, with momentum indicators predominantly bearish. The RSI, CCI, and HMA are showing oversold conditions, indicating sellers dominating after the open.
The pair's position below all major moving averages suggests a weak short-term structure. The near-term ceiling is at ₹68.0337, while the near-term floor is at ₹67.5701. Medium-term structure remains bullish due to the MA-50 versus MA-200 alignment.