Published: 2025-08-29T04:55:39.000Z
Chart USD/INR Update: Bounce return focus to 87.8000/87.8850 highs
Technical Analyst
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Limited on pullback and rebound from the 87.5150 low see prices poised for retest of the 87.8000 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.0000 | * | figure | S1 | 87.5000 | * | congestion | |
| R3 | 87.9500 | ** | 10 Feb all-time high | S2 | 86.9000 | ** | Jun high | |
| R2 | 87.8850 | ** | 5 Aug high | S3 | 86.5000 | * | congestion | |
| R1 | 87.8000 | * | 26 Aug high | S4 | 86.2400 | 24 Jul low |
Asterisk denotes strength of level
04:50 GMT - Limited on pullback and rebound from the 87.5150 low see prices poised for retest of the 87.8000 high. Clearance here will expose the 5th August high at 87.8850 to retest and see potential for extension towards the 87.9500, February all-time high. Overbought daily and weekly studies suggest reaction here likely but a later break cannot be ruled out. Meanwhile, support at the 87.5150/87.5000 area should underpin and limit corrective pullback. Break needed to open up room for deeper pullback to the 86.9200/86.9000 support.