Published: 2025-07-02T05:04:06.000Z
Chart USD/INR Update: Extend consolidation above 85.4325 low
Technical Analyst
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Little change, as prices extend consolidation above the 85.4325 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.7100 | * | Apr high | S1 | 85.4325 | * | 27 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
05:00 GMT - Little change, as prices extend consolidation above the 85.4325 low of last week and unwind oversold intraday and daily studies. The resulting bear flag highlights risk for break lower to extend losses from the 86.8990 June high to support at the 85.4175 and 85.2425 lows. Below these will see room to the 85.0000 level then the strong support at 84.7800. Meanwhile, resistance remains at the 85.9150, 24 June low and the 86.0000 level. This area is expected to cap and sustain losses from the June high.