Published: 2025-07-28T05:04:59.000Z
Chart USD/INR Update: Settled back from 86.6250 high
Technical Analyst
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Lower in consolidation from the 86.6250 high as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.0000 | * | figure | S1 | 86.2400 | 24 Jul low | ||
| R3 | 86.8990 | ** | Jun high | S2 | 86.0000 | * | congestion | |
| R2 | 86.7100 | * | Apr high | S3 | 85.7325 | * | 16 Jul low | |
| R1 | 86.6250 | ** | 25 Jul high | S4 | 85.5000 | * | congestion |
Asterisk denotes strength of level
05:00 GMT - Lower in consolidation from the 86.6250 high as prices unwind overbought intraday studies following bullish break of the 86.0000 level. Daily and weekly remains overbought and caution corrective pullback with support starting at 86.2400 then the 86.0000 level which is expected to underpin. Break here will fade the upside pressure and see room for deeper pullback to 85.7325 and 85.5000 support. Break above the 86.6250 high will see room for retest of 86.7100 and 86.8990, April and June highs.