Published: 2025-08-28T05:42:50.000Z
Chart USD/INR Update: Turned down from 87.8000 high
Technical Analyst
1
Settled back from the 87.8000 high as prices unwind overbought daily and weekly studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.0000 | * | figure | S1 | 87.5000 | * | congestion | |
| R3 | 87.9500 | ** | 10 Feb all-time high | S2 | 86.9000 | ** | Jun high | |
| R2 | 87.8850 | ** | 5 Aug high | S3 | 86.5000 | * | congestion | |
| R1 | 87.8000 | * | 26 Aug high | S4 | 86.2400 | 24 Jul low |
Asterisk denotes strength of level
05:35 GMT - Settled back from the 87.8000 high as prices unwind overbought daily and weekly studies. Pullback see support starting at the 87.5000 congestion. Below this will open up room for deeper pullback to retrace rally from the 86.9200 low and the 86.9000 support. Would take break of the latter to confirm a double top at the 87.8000 and 87.8850 highs and retrace gains from the 85.1900, July low. Meanwhile, resistance at the 87.8000 high now expected to cap and limit bounce attempt.