Published: 2025-09-04T04:41:24.000Z
Chart USD/INR Update: Range-bound in consolidation
Technical Analyst
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Remains in consolidation below the 88.3300 high as prices consolidate rally gains from the 86.9200 low of August
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.0000 | * | figure | S1 | 88.0000 | * | figure | |
| R3 | 88.7000 | * | projection | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.5000 | ** | upper channel | S3 | 87.5000 | * | congestion | |
| R1 | 88.3300 | ** | 1 Sep all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
04:40 GMT - Remains in consolidation below the 88.3300 high as prices consolidate rally gains from the 86.9200 low of August. Overbought daily studies threatens corrective pullback to support at the 88.0000 level and 87.8850, 5 August high. Would need break of the latter to fade the upside pressure and open up room for deeper correction of the strong rally from the 88.1900, July low. Meanwhile, resistance at the 88.3300 high is expected to cap. Clearance will further extend gains from the May current year low and see room to 88.5000 channel resistance.