Published: 2025-08-21T04:50:02.000Z
Chart USD/INR Update: Consolidating, room for lower later
Technical Analyst
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Remains in consolidation above the 86.9200 low but pressure stays on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 86.9000 | ** | Jun high | |
| R3 | 87.8850 | ** | 5 Aug high | S2 | 86.5000 | * | congestion | |
| R2 | 87.7400 | * | Jul high | S3 | 86.2400 | 24 Jul low | ||
| R1 | 87.5000 | * | congestion | S4 | 86.0275 | ** | 7 Jul high |
Asterisk denotes strength of level
04:45 GMT - Remains in consolidation above the 86.9200 low but pressure stays on the downside and risk seen for break here and the support at the 86.9000, June high. Negative daily and weekly studies suggest break here likely to further retrace rally from the 85.1900, July low. Lower will see extension to the 86.5000 congestion and 86.2400 support. Meanwhile, resistance is lowered to 87.4850/87.5000 congestion area which is expected to limit corrective bounce and sustain losses from the 87.8850 high.