Published: 2025-11-19T05:15:41.000Z
Chart USD/INR Update: Weighing on 88.5000/88.4000 support
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Leaning lower in consolidation below the 88.8000 all-time high to pressure the 88.5000/88.4000 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.0000 | * | congestion | |
| R2 | 89.0000 | * | figure | S3 | 87.6250 | ** | Oct low | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.5000 | * | congestion |
Asterisk denotes strength of level
05:10 GMT - Leaning lower in consolidation below the 88.8000 all-time high to pressure the 88.5000/88.4000 support. Daily and weekly studies have turned lower from overbought areas and suggest scope for break here to open up room for deeper pullback towards the 88.0000 level. Below the latter will threaten pullback to retest the critical support at the 87.6250, October swing low. Break here will further retrace strong gains from the 83.7700, May low. Meanwhile, resistance at the 88.7950/88.8000 highs expected to cap.