Published: 2025-03-26T05:54:31.000Z
Chart USD/INR Update: Consolidating recent sharp losses
Technical Analyst
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Range-bound in consolidation above the 85.4900 low as prices unwind the oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.6525 | * | 31 Jan high | S1 | 85.4900 | * | 24 Mar low | |
| R3 | 86.4600 | ** | Feb low | S2 | 85.3100 | * | 27 Dec low | |
| R2 | 86.0000 | * | figure | S3 | 85.1900 | * | 61.8% Sep/Feb rally | |
| R1 | 85.8075 | * | 24 Jan low | S4 | 85.1000 | * | 20 Dec high |
Asterisk denotes strength of level
05:45 GMT - Range-bound in consolidation above the 85.4900 low as prices unwind the oversold daily studies following steep drop from 87.3850, 11 March high. Corrective bounce see resistance starting at the 85.8075 then the 86.0000 congestion which is expected to cap. Gains above the latter, if seen, will open up scope for stronger bounce to 86.1650 then the February low at 86.4600 capping. Lower high sought to pressure the downside later, below the 85.4900 low will see room for extension to 85.3100 support and 85.1900, 61.8% Fibonacci level.