Published: 2025-10-08T05:26:56.000Z
Chart USD/INR Update: Still pressuring the 88.8000, all-time high
-
Still drifting narrowly below the 88.8000 all-time high but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 91.5000 | * | projection | S1 | 88.4450 | ** | 11 Sep high | |
| R3 | 90.0000 | ** | psychological | S2 | 88.3300 | * | 1 Sep high | |
| R2 | 89.0000 | * | figure | S3 | 88.0000 | * | congestion | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.8850 | ** | 5 Aug high |
Asterisk denotes strength of level
05:25 GMT - Still drifting narrowly below the 88.8000 all-time high but pressure remains on the upside and see room for break to extend gains within the bullish channel from the 83.7700, May low. Clearance will see room to the 89.0000 figure then the 90.0000 psychological level. However, overbought daily and weekly studies caution corrective pullback. Meanwhile, support is raised to the September highs turned support at the 88.4450/88.3300 area. Would take break here to fade the upside pressure and see corrective pullback to the 85.1900, July low.