Published: 2025-03-12T05:43:05.000Z
Chart USD/INR Update: Lower in consolidation from 87.3850 bounce high
Technical Analyst
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Settled back from the 87.3850 bounce high to leave resistance at the late-February high at 87.5300 unchallenged
| 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 | 86.8725 | ** | 7 Mar low | |
| R2 | 87.5300 | ** | 28 Feb high | S3 | 86.6525 | * | Jan high | |
| R1 | 87.3850 | * | 11 Mar high | S4 | 86.4600 | ** | 12 Feb low |
Asterisk denotes strength of level
05:35 GMT - Settled back from the 87.3850 bounce high to leave resistance at the late-February high at 87.5300 unchallenged. Pullback return focus to the 87.0000 level and the 86.8725 low, break of the latter will extend losses from the 87.5300 high and see room to retest the 86.6525 high of January then the critical 86.4600, February low. Below the latter will confirm a top in place at the February all-time high at 87.9500 and see deeper pullback to correct strong gains from the September low. Meanwhile, resistance at the 87.3850 and 87.5300 lower highs expected to cap.