Published: 2025-09-09T05:35:13.000Z
Chart USD/INR Update: Leaning lower from 88.3600 all-time high
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Edged lower from the 88.3600 all-time high as prices consolidate gains from the 86.9200, August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.7000 | * | projection | S1 | 88.0000 | * | figure | |
| R3 | 88.6500 | * | upper channel | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.5000 | ** | figure | S3 | 87.5000 | * | congestion | |
| R1 | 88.3600 | ** | 5 Sep all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
05:30 GMT - Edged lower from the 88.3600 all-time high as prices consolidate gains from the 86.9200, August low. Pullback see support at the 88.0000 level then 87.8850, 5 August high. Would take break of these to fade the upside pressure and correct the strong rally from the 88.1900, July low. Lower will see room to the 87.5000 congestion and 87.0000 figure. Meanwhile, resistance at the 88.3300/88.3600 highs are expected to cap. Clearance will further extend gains from the May current year low and see room to 88.5000 level and 88.6500, channel resistance.