RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
- Pair is well supported above $0.7100 levels.
- It made intraday high at $0.7171 and low at $0.7100 levels.
- Corrective rebound from $0.6826 should have completed at 0.7241 already.
- On the top side, a daily close above $0.7241 is required to confirm the bullish trend.
- Alternatively, a break below $0.6826 will confirm the bearish bias.
- Strong resistance falls at $0.7384 marks and key support falls at $0.6826 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
