Published: 2025-09-22T04:57:55.000Z
Chart USD/INR Update: Consolidating retest of 88.3300 resistance
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Backed off from retest of the 88.3300 resistance as prices consolidate gains from the 87.7200 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.7000 | * | projection | S1 | 88.0000 | * | congestion | |
| R3 | 88.5000 | * | figure | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.4550 | ** | 11 Sep all-time high | S3 | 87.7200 | * | 17 Sep low | |
| R1 | 88.3300 | * | 1 Sep high | S4 | 87.5000 | * | figure |
Asterisk denotes strength of level
05:00 GMT - Backed off from retest of the 88.3300 resistance as prices consolidate gains from the 87.7200 low of last week. Break here will expose the 88.4550 all-time high to retest. Would expect this to cap and give way to renewed selling pressure later. Clearance, if seen, will further extend gains within the bullish channel from the May low towards 88.5000 figure then 88.7000 projection. Meanwhile, support is raised to the 88.0000 level which extend to the 87.8850, 5 August high. Would take break of this area and the 87.7200 support to return focus to the downside.