Published: 2025-08-04T05:21:10.000Z
Chart USD/INR Update: Room to extend pullback from 87.7400 swing high
Technical Analyst
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Under pressure, as prices extend pullback from the 87.7400 high and unwind the overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.0000 | * | figure | S1 | 87.0600 | * | 30 Jul low | |
| R3 | 87.9500 | ** | 10 Feb all-time high | S2 | 86.8990 | ** | Jun high | |
| R2 | 87.7400 | * | 31 Jul high | S3 | 86.5000 | * | congestion | |
| R1 | 87.5000 | * | congestion | S4 | 86.3475 | * | 23 Jul low |
Asterisk denotes strength of level
05:15 GMT - Under pressure, as prices extend pullback from the 87.7400 high and unwind the overbought daily studies. Below the 87.2200 low will see room to 87.0600 support. Below this will open up room to the strong support at 86.8990, June high. Break here will return focus to the downside and see deeper correction of rally from the 85.1900 July low and see room to 86.5000 congestion. Meanwhile, resistance is lowered to 87.5000 congestion which is expected to cap and sustain losses from 87.7400, July swing high.