Published: 2025-08-06T05:02:49.000Z
Chart USD/INR Update: Consolidating below 87.9500, all-time high
Technical Analyst
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Gapped down at the open see prices turning down from the 87.8850 high to unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.7000 | * | projection | S1 | 87.5000 | * | congestion | |
| R3 | 88.0000 | * | figure | S2 | 87.2150 | * | 4 Aug low | |
| R2 | 87.9500 | ** | 10 Feb all-time high | S3 | 87.0600 | * | 30 Jul low | |
| R1 | 87.8850 | * | 5 Aug high | S4 | 86.8990 | ** | Jun high |
Asterisk denotes strength of level
05:00 GMT - Gapped down at the open see prices turning down from the 87.8850 high to unwind overbought intraday studies. However, further gains to retest the 87.9500 high cannot be ruled out. Clearance will extend the underlying bull trend and see room to the 88.0000 figure. Meanwhile, support is raised to 87.5000 congestion and extending to the 87.2150 higher low. This area is expected to underpin while failure here will open up room for deeper pullback to retrace rally from the 85.1900, July low.