Published: 2025-03-05T05:18:58.000Z
Chart USD/INR Update: Extending pullback from 87.5300 high
Technical Analyst
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Extending pullback from the 87.5300 high as prices consolidate strong gains from the 86.4600 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 87.0000 | * | 4 Feb low | |
| R3 | 87.5825 | * | 6 Feb high | S2 | 86.6525 | * | Jan high | |
| R2 | 87.5300 | ** | 28 Feb high | S3 | 86.4600 | ** | 12 Feb low | |
| R1 | 87.2800 | * | 3 Feb high | S4 | 86.1650 | ** | 24 Jan low |
Asterisk denotes strength of level
05:15 GMT - Extending pullback from the 87.5300 high as prices consolidate strong gains from the 86.4600 low. Daily studies have turned lower from overbought readings and break of the 87.2800 support opens up room to the 87.0000 congestion. Below the latter will turn focus lower to the 86.6525 support then the 86.4600, February low. Meanwhile, resistance is lowered to 87.2800 resistance ahead of the 87.5300 lower high which is expected to cap and sustain losses from the 87.9500, all-time high.