Published: 2025-03-21T05:18:33.000Z
Chart USD/INR Update: Under pressure, but stretched
Technical Analyst
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Prices remains under pressure to extend steep drop from the 87.3850 high of last week to approach the 86.1650 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.0000 | * | 4 Feb low | S1 | 86.1650 | * | 24 Jan low | |
| R3 | 86.8725 | ** | 7 Mar low | S2 | 86.0000 | * | figure | |
| R2 | 85.6525 | * | Jan high | S3 | 85.9700 | * | 10 Jan high, gap | |
| R1 | 86.4600 | ** | Feb low | S4 | 85.8075 | * | Dec high |
Asterisk denotes strength of level
05:10 GMT - Prices remains under pressure to extend steep drop from the 87.3850 high of last week to approach the 86.1650 support. Oversold intraday and daily studies suggest reaction here likely but consolidation here expected to give way to break later to further extend losses to support at the 86.0000/85.9700 area then the 85.8075, December high. Meanwhile, resistance remains at 86.4600 low of February which is expected to cap and sustain losses from the 87.5300 and 87.9500, February highs.