AUDINR Forecast and Live Chart

The Australian Dollar/Indian Rupee currency pair (also referred to as AUDINR and AUD/INR) is an exotic currency pair.  In this article, we will examine how AUDINR is performing.

AUDINR Key Stats

  • 2021 high: 58.6090
  • 2021 low: 52.6240
  • YTD high: 57.6248
  • YTD low: 52.3110
  • YTD % change: +0.70%

AUDINR Forecast Summary

AUDINR june 2022

Given the current geopolitical and macroeconomic situation, we prefer the AUD/INR to the upside, although we have to admit it is not a very strong view, and we could be easily swayed if we see any macro changes. Our near-term target to the upside is 55.05, with a long-term view towards the 57.40 level.

However, there are risks to our view with the  Reserve Bank of India intervening in order to maintain stability in the rupee.

AUDINR Fundamental Analysis

The direction in which a pair trades on any given day, week, month, or year, is significantly influenced by macroeconomic factors. At the moment, the Ukraine-Russia conflict, inflation, soaring energy prices, and more are impacting how markets, including FX pairs, move. Therefore, keeping up to date with economic/geopolitical data and activity is essential.

The Australian Dollar is one of the most traded currencies worldwide. Australia has a wealth of natural resources such as iron ore, coal, and gold which make up a significant percentage of its exports. India and China are large importers of Australia’s commodities, and Australia imports heavy machinery and goods produced in those countries. When countries that are big importers of Australian goods experience an economic downturn, it impacts Australian exporters, hurting the supply chain and resulting in a weakening Australian dollar.

Those rising commodity prices have impacted the Indian rupee in 2022. The Reserve Bank of India has increased interventions in an effort to slow its currency’s decline and maintain stability, protecting importers and exporters from potential shocks. In addition, during times of economic instability, investors will typically exit positions in what they perceive as riskier currencies such as the rupee and invest in so-called safe-haven currencies such as the Japanese yen and US dollar. The recent market downturn, inflation, and economic worries have seen the INR fall so far this year.

Related Articles

AUDINR Technical Analysis

Support Levels:

  • 52.90
  • 52.30
  • 50.30

Resistance Levels:

  • 55.05
  • 56.40
  • 57.40

After a strong rally in 2020, the AUDINR has failed to find a clear direction over the last couple of years. On a few occasions, it has tested a key support level at 52.90, and below that, 52.30. If it were to break eventually, watch out for a key level at 50.30.

Looking to the first level we want to target is around 55.05, before a further move higher will push our focus to the 56.40 mark. The highest level we have our eye on at the moment is 57.40.

Trade AUDINR with our top brokers:

Broker Features Regulator Platforms Next Step
Number One Broker tickmill_logo-173% of retail CFD accounts lose money Founded: 2014
73% of retail C...
  • Well regulated
  • Ultra-fast and high leverage trading
  • Spreads as low as 0.0 pips
  • Comprehensive research tools
  • Relatively limited number of markets
  • Does not accept US traders
Blackbull LogoYour capital is at risk Founded: 2014
  • User-friendly platform with great trade-analysis tools
  • Leverage Up To 1:500
  • Spreads as low as 0.00 pips
  • Quality trade execution thanks to high-spec IT infrastructure
  • $0 minimum account opening balance
  • 26,000 tradeable instruments
  • Not available in all jurisdictions
  • Regulatory infrastructure
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • Multi-asset broker offering a wide variety of markets
  • Strong regulatory framework
  • Innovative risk management tools
  • Choice of market-leading platforms
  • Wide spreads on some markets
  • Expiry date on Demo Accounts
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Low trading costs
  • Great market flow
  • Research and analysis which helps spot trades
  • Wide range of Copy and Social Trading options
  • Limited range of non-forex markets
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
eToro Logo77% of CFD traders lose Founded: 2007
77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
  • Social and Copy Trading Platform
  • Beginner Friendly
  • Risk-free Demo Account
  • Top-tier regulation
  • Limited means of raising queries
  • Withdrawal process isn’t really ‘client-focused’
ASIC, CySEC, FCA eToro Platform
XM LogoYour capital is at risk Founded: 2009, 2015, 2017
  • Low minimum deposit
  • Super- tight bid-offer spreads
  • Impressive trading platforms
  • Tier-1 regulators
  • Difficult to contact tech support
  • No Crypto
ASIC, CySEC, IFSC MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5
FxPro LogoYour capital is at risk Founded: 2006
  • Very well regulated
  • Comprehensive education section
  • Fantastic customer service
  • No cryptocurrencies
  • Fees could be more competetive
CySEC, DFSA, FCA, FSB, SIA MetaTrader4, MetaTrader5, cTrader, FxPro Edge (Beta)