FX FORECAST INDIA FX FORECAST INDIA USD/INR eases as DXY softens. Gold ticks higher ahead of RBI minutes. EUR/USD holds range.
USD/INR holds at ₹95.39 with a bullish bias despite a flat MACD, as overnight dollar strength from softer risk appetite keeps the pair supported above the ₹95.20–₹95.50 range. EUR/USD trades at 1.1554 with RSI at 70.0 (overbought) and a rising MACD, but the bearish bias suggests a pullback toward 1.1500 if momentum fades. With no major scheduled events today, watch for USD/INR to test ₹95.60 on any upside breakout, while MCX Gold at ₹126,523 faces resistance near ₹127,000—a break below ₹126,000 could trigger further downside.
Forecasts assessed against actual price action each Friday. Range hit = price traded within the weekly band at any point. Direction = closing bias matched our weekly call.
Assessed against actual price action each Friday. Figures unaudited.