Published: 2025-06-18T05:24:35.000Z
Chart USD/INR Update: Extending gains
Technical Analyst
1
Consolidation around the 86.0000 level has given way to fresh strength to further retrace losses from the February year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.0000 | * | congestion | S1 | 86.1025 | * | May high | |
| R3 | 86.8725 | * | 7 Mar low | S2 | 85.9200 | * | 13 Jun low | |
| R2 | 86.7100 | ** | Apr high | S3 | 85.6475 | * | 12 Jun high, gap | |
| R1 | 86.4600 | * | Feb low | S4 | 85.4175 | ** | 11 Jun low |
Asterisk denotes strength of level
05:20 GMT - Consolidation around the 86.0000 level has given way to fresh strength to further retrace losses from the February year high. Positive daily and weekly studies suggest room to resistance at 86.4600 then the 86.7100, high of April. The latter expected to cap and give way to renewed selling pressure later. Meanwhile, support is raised to the May high at 86.1025 and the 86.0000 congestion. Below here will open up room for deeper pullback to the 85.9200/85.6475 gap area and 85.4175 support.