India FX FORECAST INDIA

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Archive · Week of June 29 – July 3, 2026

Morning Brief — Wednesday, July 1, 2026

Published 1:30 IST

USD/INR
₹94.65
↑ Bullish
RSI 41.3 MACD down
EUR/USD
1.1425
↓ Bearish
RSI 37 MACD down
MCX Gold
₹122,572/ 10g
↓ Bearish
RSI 37.9 MACD down

USD/INR opened at ₹94.65 with a bullish bias, supported by a declining RSI at 41.3 and a bearish MACD, suggesting limited upside momentum despite the overnight strength. EUR/USD remains bearish at 1.1425 with RSI at 37.0, while MCX Gold is under pressure at ₹122,572/10g with RSI at 37.9, both reflecting continued selling interest. With no major events today, watch for USD/INR to test ₹95.00 resistance if the bullish momentum holds, while EUR/USD and Gold may extend losses toward 1.1400 and ₹122,000 respectively.

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