Published: 2025-03-28T05:34:35.000Z
Chart USD/INR Update: Under pressure
Technical Analyst
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Lower within the Monday's range after bounce attempt was rejected at the 85.9100 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.6525 | * | 31 Jan high | S1 | 85.4900 | * | 24 Mar low | |
| R3 | 86.4600 | ** | Feb low | S2 | 85.3100 | * | 27 Dec low | |
| R2 | 86.1650 | * | 24 Jan low | S3 | 85.1900 | * | 61.8% Sep/Feb rally | |
| R1 | 86.0000 | * | figure | S4 | 85.1000 | * | 20 Dec high |
Asterisk denotes strength of level
05:30 GMT - Lower within the Monday's range after bounce attempt was rejected at the 85.9100 high. Daily studies remains oversold but break of the 85.4900 low will further extend losses from the 87.9500 all-time high to retrace strong rally from the September low. Lower will see room to 85.3100 support then the 85.1900, 61.8% Fibonacci level. Meanwhile, resistance at the 85.9100/86.0000 area expected to cap. Above here, if seen, will open up room for stronger corrective bounce to 86.1650 then the strong resistance at 86.4600, expected to cap.