Published: 2025-08-18T05:27:06.000Z
Chart USD/INR Update: Leaning lower from 87.8850 high
Technical Analyst
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Leaning lower following break of support at the 87.5000 congestion to extend pullback from the 87.8850 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.0000 | * | figure | S1 | 87.2150 | * | 4 Aug low | |
| R3 | 87.9500 | ** | 10 Feb all-time high | S2 | 87.0600 | * | 30 Jul low | |
| R2 | 87.8850 | ** | 5 Aug high | S3 | 86.8990 | ** | Jun high | |
| R1 | 87.7400 | * | Jul high | S4 | 86.5000 | * | congestion |
Asterisk denotes strength of level
05:25 GMT - Leaning lower following break of support at the 87.5000 congestion to extend pullback from the 87.8850 high and channel resistance. Lower see support at the 87.2150 and 87.0600 higher lows then the strong support at the 86.8990, June high. Would take break of these to return focus to the downside and see deeper pullback to retrace rally from the 85.1900, July low. Meanwhile, resistance is lowered to the July high at 87.7400 which is now expected to cap and sustain losses from the 87.8850 high.