Published: 2025-12-16T05:18:19.000Z
Chart USD/INR Update: Extending gains
1
Pressure stays firmly on the upside with gains reaching fresh record high at 90.8300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 91.5800 | * | projection | S1 | 90.4200 | * | 4 Dec high | |
| R3 | 91.5000 | * | projection | S2 | 90.0000 | * | figure, congestion | |
| R2 | 91.0000 | * | figure | S3 | 89.6950 | * | 5 Dec low | |
| R1 | 90.8300 | * | intraday high | S4 | 89.4900 | ** | Nov high |
Asterisk denotes strength of level
05:15 GMT - Pressure stays firmly on the upside with gains reaching fresh record high at 90.8300. Bullish structure see room to further extend the underlying bull trend and higher will see potential to the 91.0000 figure. Reaction at the latter expected but a later break cannot be ruled out. Meanwhile, support remains at 90.4200 4th December high which should underpin. Would take break here to ease the upside pressure and open up room for corrective pullback to the 90.0000/89.6950 area then strong support at 89.4900, November high.