India FX FORECAST INDIA

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Archive · Week of August 17–21, 2026

Morning Brief — Wednesday, August 19, 2026

Published 1:30 IST

USD/INR
₹95.67
↓ Bearish
RSI 52.1 MACD down
EUR/USD
1.1579
↑ Bullish
RSI 75.1 MACD up
MCX Gold
₹135,073/ 10g
↑ Bullish
RSI 77.8 MACD up

USD/INR is hovering near ₹95.67 with a bearish bias as MACD momentum fades, despite RSI at 52.1 suggesting no immediate oversold pressure; watch for a break below ₹95.50 to confirm further downside. EUR/USD remains firmly bullish at 1.1579 with RSI at 75.1 (overbought), so expect possible consolidation or a pullback toward 1.1540 before the next leg up. MCX Gold is strong at ₹135,073 with RSI at 77.8 (overbought), and with no major events today, traders should monitor a sustained hold above ₹134,800 for continuation toward ₹136,000

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