Published: 2025-04-11T05:17:44.000Z
Chart USD/INR Update: Turned down from 86.7100 corrective high
Technical Analyst
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Gapped lower at the open to leave a lower high at the 86.7100 mid-week high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.0000 | * | congestion | S1 | 86.0000 | * | figure | |
| R3 | 86.8725 | ** | 7 Mar high | S2 | 85.8075 | * | Dec high | |
| R2 | 86.7100 | ** | 9 Apr high | S3 | 85.5000 | * | congestion | |
| R1 | 86.4600 | * | Feb low | S4 | 85.4000 | * | Mar low |
Asterisk denotes strength of level
05:15 GMT - Gapped lower at the open to leave a lower high at the 86.7100 mid-week high as prices retrace corrective bounce from the 84.9575 low of last week. Consolidation at the 86.0000 level is expected to give way to break later to the 85.8075 support and 85.5000/85.4000 area. Below this will return focus to the downside for retest of the 85.0000 level and 84.9575 low. Meanwhile, resistance is lowered to the 86.4600 February low which is expected to cap and sustain losses from the 86.71000 high.