Published: 2025-11-12T04:58:49.000Z
Chart USD/INR Update: Extend consolidation below 88.8000 high
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Little change, as prices extend consolidation below the 88.7950 and 88.8000 highs
| 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
05:00 GMT - Little change, as prices extend consolidation below the 88.7950 and 88.8000 highs. Further ranging action seen for now while support at the 88.5000/88.4000 area underpin. Would take break here to turn focus to the downside and see extension to the 88.0000 level. Break here will threaten pullback to retest the 87.6250, October swing low. Meanwhile, resistance at the 88.8000 all-time high now seen capping. Would take break here to extend the underlying bull trend and see room for extension to the 89.0000 figure.