Published: 2025-11-14T05:11:23.000Z
Chart USD/INR Update: Extend consolidation below 88.8000 high
-
Little change, as prices extend consolidation below the 88.7950 and 88.8000 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.0000 | * | congestion | |
| R2 | 89.0000 | * | figure | S3 | 87.6250 | ** | Oct low | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.5000 | * | congestion |
Asterisk denotes strength of level
05:10 GMT - Little change, as prices extend consolidation below the 88.7950 and 88.8000 highs. Consolidation is expected to give way to renewed strength later to extend the underlying bull trend and see room for extension to the 89.0000 figure. Meanwhile, support at the 88.5000/88.4000 area underpin. Would take break here to fade the upside pressure and open room for deeper pullback towards the 88.0000 level. Break here will threaten pullback to retest the 87.6250 October swing low and further retrace strong gains from the 83.7700, May low.