Published: 2025-11-20T05:18:24.000Z
Chart USD/INR Update: Rebound return focus 88.8000 high
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Rebound from the 88.5000/88.4000 support area see pressure returning to the upside and prices poised for retest of the 88.8000 all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.1550 | * | 29 Oct low | |
| R2 | 89.0000 | * | figure | S3 | 88.0000 | * | congestion | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.6250 | ** | Oct low |
Asterisk denotes strength of level
05:10 GMT - Rebound from the 88.5000/88.4000 support area see pressure returning to the upside and prices poised for retest of the 88.8000 all-time high. Bullish structure suggest scope for break here to extend strong gains from the 83.7700 May YTD low and the broader underlying bull trend. Clearance will see room to the 89.0000 figure. Would take break of the 88.5000/88.4000 support to open up room for pullback to retrace bounce from the 83.7700, May swing low, to the 88.1550 support and 88.0000 level.