Published: 2025-10-13T04:57:40.000Z
Chart USD/INR Update: Extend consolidation below 88.8000 high
-
Remains in consolidation below the 88.8000 all-time high after pullback saw spike to 88.5000 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 91.5000 | * | projection | S1 | 88.4450 | ** | 11 Sep high | |
| R3 | 90.0000 | ** | psychological | S2 | 88.3300 | * | 1 Sep high | |
| R2 | 89.0000 | * | figure | S3 | 88.0000 | * | congestion | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.8850 | ** | 5 Aug high |
Asterisk denotes strength of level
05:00 GMT - Remains in consolidation below the 88.8000 all-time high after pullback saw spike to 88.5000 low. Further ranging action here expected but break higher cannot be ruled out to further extend gains within the bull channel from the 83.7700, May low. Clearance, if seen, will see room to the 89.0000 figure then the 90.0000 psychological level. Meanwhile, support at the 88.4450/88.3300 September high expected to underpin. Would take break here to fade the upside pressure and see deeper pullback to retrace strong gains from the 85.1900, July low.