Published: 2025-03-19T05:40:18.000Z
Chart USD/INR Update: Under pressure, focus on 86.4600 low
Technical Analyst
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Pressure remains on the downside and break of the 86.6525 support turn focus to the 86.5000 congestion and 86.4600 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.5300 | ** | 28 Feb high | S1 | 86.5000 | * | congestion | |
| R3 | 87.3850 | * | 11 Mar high | S2 | 86.4600 | ** | Feb low | |
| R2 | 87.0000 | * | 4 Feb low | S3 | 86.0000 | * | figure | |
| R1 | 86.8725 | ** | 7 Mar low | S4 | 85.9700 | * | 10 Jan high, gap |
Asterisk denotes strength of level
05:35 GMT - Pressure remains on the downside and break of the 86.6525 support turning focus to the 86.5000 congestion then the critical 86.4600, February low. Break of the latter will confirm a top in place at the 87.9500 all-time high and see deeper pullback to correct strong gains from the September low. Lower will see room to the 86.1650 then the 86.0000 figure. Meanwhile, resistance is lowered to the 86.8725 low of 7 March which is expected to cap and sustain losses from the 87.3850/87.5300, lower highs.