Published: 2025-07-17T05:00:25.000Z
Chart USD/INR Update: Keeping below 86.0000/86.1025 resistance
Technical Analyst
1
Remains in consolidation below resistance at the 86.0000/86.1025 congestion and May high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.8990 | ** | 19 Jun high | S1 | 85.5000 | * | congestion | |
| R3 | 86.4600 | ** | Feb low | S2 | 85.1900 | ** | 3 Jul low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 86.0000 | congestion | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
05:00 GMT - Remains in consolidation below resistance at the 86.0000/86.1025 congestion and May high. Positive daily studies are overbought and suggest scope for pullback to retrace bounce from the 85.1900 low to the 85.5000 support. Below this will return focus to the 85.1900 low and see scope for break to extend the broader losses from the 86.8990, June swing high. Lower will see extension to 85.0000 level and 87.7800 support. Would take break of the 86.0000 level and 86.1025 resistance to further retrace the June/July losses.