Published: 2025-03-11T05:54:04.000Z
Chart USD/INR Update: Focus on the 87.5300 resistance
Technical Analyst
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Break above the 87.2800 resistance extending bounce from the 86.8725 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.0000 | * | psychological | S1 | 87.0000 | * | 4 Feb low | |
| R3 | 87.9500 | ** | 10 Feb all-time high | S2 | 86.8725 | ** | 7 Mar low | |
| R2 | 87.5825 | * | 6 Feb high | S3 | 86.6525 | * | Jan high | |
| R1 | 87.5300 | ** | 28 Feb high | S4 | 86.4600 | ** | 12 Feb low |
Asterisk denotes strength of level
05:40 GMT - Break above the 87.2800 resistance extending bounce from the 86.8725 low of last week to return focus to the 87.5300, 28 February high. Clearance here, but not expected, will open up the 87.9500 all-time high to retest. Gains are seen corrective of losses from the latter and lower high sought to pressure the downside later. Meanwhile, support is raised to the 87.0000 level which now underpin. Would take break here to open up the 86.8725 low to retest. Break will return focus to the 86.6525 and 86.4600 support.