Published: 2025-11-10T05:19:00.000Z
Chart USD/INR Update: Extend consolidation below 88.8000 high
1
Remains supported but prices extending consolidation below the 88.7950 and 88.8000 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.0000 | * | congestion | |
| R2 | 89.0000 | * | figure | S3 | 87.6250 | ** | Oct low | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.5000 | * | congestion |
Asterisk denotes strength of level
05:15 GMT - Remains supported but prices extending consolidation below the 88.7950 and 88.8000 highs. Break here, if seen, will extend the underlying bull trend and see room to the 89.0000 figure. Meanwhile, support at the 88.5000/88.4000 area underpin. Would take break here to open up room for deeper pullback to the 88.0000 congestion. Below this will expose the October low at 87.6250 to retest abd see room for deeper pullback to retrace gains from the 83.7700 May current year low.