Published: 2025-03-07T05:21:10.000Z
Chart USD/INR Update: Higher in consolidation from 86.8800 low
Technical Analyst
-
Extending bounce from the 86.8800 low to consolidate drop from the 87.5300 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 86.8500 | * | 25 Feb low | |
| R3 | 87.5825 | * | 6 Feb high | S2 | 86.6525 | * | Jan high | |
| R2 | 87.5300 | ** | 28 Feb high | S3 | 86.4600 | ** | 12 Feb low | |
| R1 | 87.2800 | * | 3 Feb high | S4 | 86.1650 | ** | 24 Jan low |
Asterisk denotes strength of level
05:15 GMT - Extending bounce from the 86.8800 low to consolidate drop from the 87.5300 high of last week and unwind oversold intraday studies. However, consolidation here expected to give way to fresh selling pressure later and lower through the 86.8500 support will see room to the 86.6525, January high. Below these will return focus to the 86.4600 low of February. Break of the latter will extend losses from the February high to retrace strong rally from the September low. Meanwhile, resistance remains at the 87.2800 congestion ahead of the 87.5300, lower high.