Published: 2025-10-17T04:48:55.000Z
Chart USD/INR Update: Consolidating, room for lower later
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Steadied at the 87.6900 low as prices consolidate sharp losses from the 88.8000, all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.5000 | ** | 10 Oct low | S1 | 87.6900 | 16 Oct low | ||
| R3 | 88.4550 | * | Sep high | S2 | 87.5000 | * | congestion | |
| R2 | 88.3300 | * | 1 Sep high | S3 | 87.4200 | * | 38.2% Jul/Sep rally | |
| R1 | 88.0000 | * | figure | S4 | 87.0000 | * | congestion, 50% |
Asterisk denotes strength of level
04:45 GMT - Steadied at the 87.6900 low as prices consolidate sharp losses from the 88.8000, all-time high. Consolidation here see prices unwinding oversold intraday studies but negative daily chart keeps pressure on the downside and see scope for break later to open up room for deeper pullback to retrace strong gains from the 85.1900, July low. Lower will see room to 87.5000 congestion and 87.4200, 38.2% Fibonacci level. Meanwhile, resistance is lowered to 88.0000 level which is expected to cap corrective bounce and sustain losses from the 88.8000 high.