Published: 2025-09-10T05:05:46.000Z
Chart USD/INR Update: Limited pullback from 88.3600 all-time high
Technical Analyst
1
Little change, as prices extend choppy trade within a 2-week range area below the 88.3600, all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.7000 | * | projection | S1 | 88.0000 | * | figure | |
| R3 | 88.6500 | * | upper channel | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.5000 | ** | figure | S3 | 87.5000 | * | congestion | |
| R1 | 88.3600 | ** | 5 Sep all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
05:00 GMT - Little change, as prices extend choppy trade within a 2-week range area below the 88.3600, all-time high. The resulting flag pattern suggest scope for break here to further extend the underlying bull trend. Clearance will further extend gains from the May current year low and see room to 88.5000 level and 88.6500, channel resistance. Meanwhile, support at the 88.0000 level and 87.8850, 5 August high, continue to limit corrective pullback. Would take break here fade the upside pressure and open up room for deeper correction to the strong gains from the 88.1900, July low.