Published: 2025-07-01T06:00:18.000Z
Chart USD/INR Update: Consolidating, room for lower
Technical Analyst
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Steadied at the 85.4325 low as prices consolidate losses from the 86.8990 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.7100 | * | Apr high | S1 | 85.4175 | ** | 11 Jun low | |
| R3 | 86.4600 | * | Feb low | S2 | 85.2425 | * | 30 May low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 85.9150 | 24 Jun low | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
06:00 GMT - Steadied at the 85.4325 low as prices consolidate losses from the 86.8990 high. Bearish momentum from the latter keeps pressure on the downside and lower will see room for extension to support at the 85.4175 and 85.2425 lows. Daily studies are still tracking lower and retracing the May/June rally, lower will see room to the 85.0000 level then the strong support at 84.7800. Meanwhile, resistance remains at the 24 June low at 85.9150 and the 86.0000 level. This area is expected to cap and sustain losses from the 86.8990 high.