Published: 2025-09-08T05:10:57.000Z
Chart USD/INR Update: Settled back from 88.3600 all-time high
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Settled back from Friday's all-time high at 88.3600 as prices consolidate gains from the 86.9200, August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.0000 | * | figure | S1 | 88.0000 | * | figure | |
| R3 | 88.7000 | * | projection | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.5000 | ** | upper channel | S3 | 87.5000 | * | congestion | |
| R1 | 88.3600 | ** | 5 Sep all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
05:00 GMT - Settled back from Friday's all-time high at 88.3600 as prices consolidate gains from the 86.9200, August low. Pullback see support at the 88.0000 level then 87.8850, 5 August high. Would take break of these to fade the upside pressure and correct the strong rally from the 88.1900, July low. Lower will see room to the 87.5000 congestion and 87.0000 figure. Meanwhile, resistance at the 88.3600 high is expected to cap. Clearance will further extend gains from the May current year low and see room to 88.5000 channel resistance.