Published: 2025-06-26T05:22:34.000Z
Chart USD/INR Update: Under pressure
Technical Analyst
-
Under pressure, as prices extend losses from the 86.8990 high to retrace gains from the 83.7700, May YTD low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.8890 | ** | 19 Jun YTD high | S1 | 85.6475 | * | 12 Jun high, gap | |
| R3 | 86.7100 | * | Apr high | S2 | 85.4175 | ** | 11 Jun low | |
| R2 | 86.4600 | * | Feb low | S3 | 85.2425 | * | 30 May low | |
| R1 | 86.1025 | * | May high | S4 | 85.0000 | * | congestion |
Asterisk denotes strength of level
05:20 GMT - Under pressure, as prices extend losses from the 86.8990 high to retrace gains from the 83.7700, May YTD low. Break below 86.1025 support see the 85.8850/85.6475 gap area attracting. Daily studies have turned lower to unwind overbought readings and suggest room for deeper pullback towards the 85.4175 and 85.2425 support. Below this will see scope to the 85.0000 congestion. Meanwhile, resistance is lowered to the May high at 86.1025 which is expected to cap and sustain pullback from the 86.8990 high.