Published: 2025-03-10T05:25:10.000Z
Chart USD/INR Update: Room for retest of 87.5300 resistance
Technical Analyst
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Extending bounce from the 86.8725 low to retest resistance at the 87.2800, 3 February high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 87.0000 | * | 4 Feb low | |
| R3 | 87.5825 | * | 6 Feb high | S2 | 86.8725 | ** | 7 Mar low | |
| R2 | 87.5300 | ** | 28 Feb high | S3 | 86.6525 | * | Jan high | |
| R1 | 87.2800 | * | 3 Feb high | S4 | 86.4600 | ** | 12 Feb low |
Asterisk denotes strength of level
05:15 GMT - Extending bounce from the 86.8725 low to retest resistance at the 87.2800, 3 February high. Break here will return focus to the 87.5300 high and where break will extend the broader gains from the critical 86.4600, February corrective low. Clearance will return focus to the upside for retest of the 87.9500, 10 February all-time high, and see scope to extend the underlying bull trend. Meanwhile, support is raised to the 87.0000 level and this now underpin and sustain bounce from the 86.8725 low of last week.