Published: 2025-04-16T05:31:46.000Z
Chart USD/INR Update: Extending losses
Technical Analyst
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Pressure remains on the downside to extend losses from the 86.71000 high of last week to reach towards strong support at the 85.5000/85.4000 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.4600 | ** | Feb low | S1 | 85.5000 | * | congestion | |
| R3 | 86.1650 | * | 24 Jan low | S2 | 85.4000 | * | Mar low | |
| R2 | 86.0000 | * | figure | S3 | 85.0000 | * | congestion | |
| R1 | 85.8075 | * | Dec high | S4 | 84.9575 | ** | 4 Apr YTD low |
Asterisk denotes strength of level
05:25 GMT - Pressure remains on the downside to extend losses from the 86.71000 high of last week to reach towards strong support at the 85.5000/85.4000 area. Below this will see scope for retest of the 85.0000 level then the 84.9575 low. Break here will extend losses from the 87.9500 February YTD high to retrace gains from the 82.6400, March 2024 year low. Meanwhile, resistance is lowered to the 85.8075 high of December which is expected to cap and sustain losses from the 86.7100 corrective high.