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DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* NZD/USD bears taking a bite out of bullish structure

* Gold Price Forecast: XAU/USD retreats towards $1,775 amid hawkish central banks, recession woes

* USD/JPY rising ahead of the Bank of Japan meeting outcome (no change to policy expected)

CHART OF THE DAY

OUTLOOK:

USDINR: USDINR is consolidating in narrow range of 82.3-82.8 and next move will be seen after the range breakout , however 82.30 is immediate support level and on the upside 82.80 act as a resistance, where move above 82.80 it can lead some upside momentum towards 83.20 while if it slips below 82.30 it may head towards 82.0-82.10 zone.

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