Published: 2025-06-19T05:18:09.000Z
Chart USD/INR Update: Extending gains from May low
Technical Analyst
1
Extending gains through the 86.4600 resistance to reach the upper wedge pattern at 86.5600
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.3850 | ** | Mar high | S1 | 86.1025 | * | May high | |
| R3 | 87.0000 | * | congestion | S2 | 85.9200 | * | 13 Jun low | |
| R2 | 86.8725 | * | 7 Mar low | S3 | 85.6475 | * | 12 Jun high, gap | |
| R1 | 86.7100 | *** | Apr high | S4 | 85.4175 | ** | 11 Jun low |
Asterisk denotes strength of level
05:10 GMT - Extending gains through the 86.4600 resistance to reach the upper wedge pattern at 86.5600. Bullish momentum and positive daily studies suggest room for further gains to retrace the February/May losses. Nearby see strong resistance at 86.7100 high of April expected to cap. Clearance here, will open up room to the 86.8725 resistance then the 87.0000 level. Meanwhile, support remains at the 86.1025 May high and the 86.0000 congestion. Would take break here to open up room for deeper pullback to the 85.9200/85.6475 gap area and 85.4175 support.