India FX FORECAST INDIA

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Archive · Week of July 13–17, 2026

Morning Brief — Thursday, July 16, 2026

Published 1:30 IST

USD/INR
₹96.25
↑ Bullish
RSI 73.8 MACD up
EUR/USD
1.1471
↓ Bearish
RSI 65.4 MACD flat
MCX Gold
₹125,893/ 10g
↓ Bearish
RSI 56.2 MACD flat

USD/INR opened at ₹96.25 with a bullish bias, supported by an overbought RSI of 73.8 and rising MACD, as no major scheduled events today may keep the pair range-bound near the ₹96.50 resistance. EUR/USD is bearish at 1.1471 with a flat MACD, while MCX Gold at ₹125,893/10g remains under pressure with a bearish bias and RSI at 56.2. Watch for USD/INR to test ₹96.50 on sustained buying, while gold may slip toward ₹125,500 if selling persists.

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