Published: 2025-07-18T05:25:19.000Z
Chart USD/INR Update: Extending July gains
Technical Analyst
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Consolidation below the 86.0000/86.1025 resistance has given way to break to further retrace the June/July losses
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.0000 | * | congestion | S1 | 85.7325 | * | 16 Jul low | |
| R3 | 86.8990 | ** | 19 Jun high | S2 | 85.5000 | * | congestion | |
| R2 | 86.4600 | ** | Feb low | S3 | 85.1900 | ** | 3 Jul low | |
| R1 | 86.2600 | 24 Jun high | S4 | 85.0000 | * | congestion |
Asterisk denotes strength of level
05:20 GMT - Consolidation below the 86.0000/86.1025 resistance has given way to break to further retrace the June/July losses. Higher will see room to the 86.2600 level then the strong resistance at 86.4600, February low. Clearance here, but not expected, will return focus to the 86.8990, June swing high. Corrective gains are expected to meet with fresh selling pressure later. Meanwhile, support is raised to 85.7325 then the 85.5000 congestion. Break of the latter will return focus to the downside for retest of 85.1900 low.