Published: 2025-09-02T05:08:38.000Z
Chart USD/INR Update: Lower in consolidation from 88.3300, all-time high
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Settled back from fresh all-time high at 88.3300 to consolidate strong gains from the 87.0000 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.0000 | * | figure | S1 | 88.0000 | * | figure | |
| R3 | 88.7000 | * | projection | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.4000 | ** | upper channel | S3 | 87.5000 | * | congestion | |
| R1 | 88.3300 | ** | 1 Sep all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
05:00 GMT - Settled back from fresh all-time high at 88.3300 to consolidate strong gains from the 87.0000 level as prices unwind overbought intraday studies. Daily studies are stretched as well and caution corrective pullback from May equidistant channel resistance at the 88.4000 figure. Meanwhile, support is raised to the 88.0000 figure and which extend to the 87.8850, 5th August high. Wouls take break here to fade the upside pressure and see room for deeper pullback to correct strong rally from the 85.1900, July low.