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AU Dollar (AUD) to INR Rupee forecast
Next 6-Month Forecast: AUD/INR ( Australian Dollars to Indian Rupees)
December 2024
Current Price Level: 55.02
Resistance: Around 58.70 to 58.80
Support: Strong support is visible near 53.20 and secondary support around 52.00.
Movement: The pair is likely to consolidate between 54.50 and 56.00 for the first half of the month. A potential retracement towards 53.20 could occur if selling pressure intensifies. However, strong buying interest in this region is expected to prevent a major downside.
January 2025
- Resistance: 56.50 to 58.20
- Support: Key buying interest near 52.00 remains significant.
- Movement: If price reaches 56.50 but fails to breach higher, a decline back to 53.50 could follow. Buyers will likely accumulate near the lower end, and the month could end around 55.00 to 55.50.
February 2025
- Resistance: 58.00 remains unchallenged unless there is strong bullish momentum.
- Support: A potential buying zone around 53.20 could see renewed interest.
- Movement: A breakout above 55.50 might target 56.50. However, the upward movement may face strong resistance, leading to a sideways market between 54.50 and 56.00 for most of the month.
March 2025
- Resistance: A reattempt at 58.00 might occur.
- Support: Buyers are likely to step in around 54.00, with stronger support still evident near 52.00.
- Movement: A retest of the 55.00 to 56.00 region is expected. If global conditions favor AUD or INR weakens, prices might approach 57.00 temporarily but retrace afterward.
April 2025
- Resistance: 58.70 continues to cap gains.
- Support: The 53.20 to 54.00 range remains a strong buying zone.
- Movement: Prices could stabilize around 55.00. A lack of volume may lead to low volatility, but if momentum builds, the pair could retest 56.50 before falling back to 54.50.
May 2025
- Resistance: Gradual decline of selling interest around 58.00 is possible.
- Support: Consolidation near 53.00 suggests a base formation.
- Movement: After potentially testing 56.50 again, the pair might begin forming a longer-term bottom around 54.00. The likelihood of major upward movements is limited unless broader macroeconomic events drive AUD strength.
Long-Term Forecast: 2025 and Beyond
Key Resistance Levels:
58.70 remains the major resistance level for 2025.
A break above 58.70 could lead to higher targets around 60.00 or beyond.
Key Support Levels:
52.00 to 53.20 will serve as a critical region of buying interest. Sustained price movements below this zone could drive the pair toward 50.00 or lower.
Outlook:
Neutral to Bearish: While the pair shows signs of consolidation, there is limited upward momentum unless external factors such as AUD strength or INR weakness come into play. The medium-term bias leans bearish if 52.00 is breached.
Key Events to Watch:
Australian economic data (GDP, interest rate decisions, and employment reports).
Indian economic indicators (inflation, fiscal policies, and export data).
Global risk sentiment and commodity prices (particularly iron ore and coal, which impact AUD).
AUD/INR appears to be in a consolidation phase, with defined support and resistance zones shaping near-term movements. While the potential for upside remains capped near 58.70, the downside is protected by strong support around 52.00 to 53.20. Patience and careful observation of global and regional events will be essential for market participants.