Published: 2025-07-16T05:11:04.000Z
Chart USD/INR Update: Extend consolidation at the 86.0000 level
Technical Analyst
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Little change, as prices extend consolidation at the 86.0000 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.8990 | ** | 19 Jun high | S1 | 85.5000 | * | congestion | |
| R3 | 86.4600 | ** | Feb low | S2 | 85.1900 | ** | 3 Jun low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 86.0000 | congestion | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
05:10 GMT - Little change, as prices extend consolidation at the 86.0000 level. Positive daily studies suggest scope for break here and the May high at 86.1025 to open up stronger gains to retrace losses from the 86.8990, June swing high. Clearance will see room to the strong resistance at 86.4600, February low. However, corrective gains are expected to give way to fresh selling pressure later, break of support at the 85.5000 congestion will expose the 85.1900 low to retest and see room to further retrace the May/June rally.