Published: 2025-03-17T05:40:58.000Z
Chart USD/INR Update: Focus shift to 8.6525 and 86.4600 support
Technical Analyst
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Under pressure as break of the 87.0000 level and 86.8725 support see prices extending losses from the 87.5300 high of 28 February
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.5825 | * | 6 Feb high | S1 | 86.6525 | * | Jan high | |
| R3 | 87.5300 | ** | 28 Feb high | S2 | 86.4600 | ** | Feb low | |
| R2 | 87.3850 | * | 11 Mar high | S3 | 86.0000 | * | figure | |
| R1 | 87.0000 | * | 4 Feb low | S4 | 85.9700 | * | 10 Jan high, gap |
Asterisk denotes strength of level
05:40 GMT - Under pressure as break of the 87.0000 level and 86.8725 support see prices extending losses from the 87.5300 high of 28 February. The negative daily and weekly studies suggest room for deeper pullback to the 86.6525 support then the critical 86.4600, February low. Break of the latter will confirm a top in place at the 87.9500 all-time high and see deeper pullback to correct strong gains from the September low. Meanwhile, resistance is lowered to the 87.0000 level which is expected to cap and sustain losses from the 87.3850/87.5300 highs.