Published: 2025-07-03T05:31:00.000Z
Chart USD/INR Update: Consolidating, room for lower
Technical Analyst
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Limited on bounce from the 85.4325 low of last week with the resulting bear flag suggesting risk for break lower to extend losses from the 86.8990, June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.7100 | * | Apr high | S1 | 85.4325 | * | 27 Jun low | |
| R3 | 86.4600 | * | Feb low | S2 | 85.2425 | * | 30 May low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 85.7700 | * | 30 Jun high | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
05:25 GMT - Limited on bounce from the 85.4325 low of last week with the resulting bear flag suggesting risk for break lower to extend losses from the 86.8990, June high. Lower will see room to support at the 85.4175 and 85.2425 lows. Break of these will further extend losses to the 85.0000 level then the strong support at 84.7800, 26 May low. Meanwhile, resistance is lowered to the 85.7700, 30 June high. Only above here will open up room for stronger corrective bounce to retest the 86.0000/86.1025 resistance.