Published: 2024-10-28T05:08:45.000Z
Chart USD/INR Update: Drifting narrowly below 84.0825 high
Technical Analyst
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Little change, as prices extend consolidation within a narrow range below the 84.0825 all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 84.4900 | projection | S1 | 83.9850 | * | Sep high | ||
| R3 | 84.2660 | projection | S2 | 83.9000 | * | congestion | ||
| R2 | 84.1000 | * | figure | S3 | 83.8000 | * | congestion | |
| R1 | 84.0825 | ** | 22 Oct all-time high | S4 | 83.7550 | ** | 20 Aug low |
Asterisk denotes strength of level
05:05 GMT - Little change, as prices extend consolidation within a narrow range below the 84.0825 all-time high. Bullish structure keeps pressure on the upside and break here will see scope to extend the bullish run-up from the 83.4400 low of September to target the 84.1000 level. Higher still, will see scope for extension to projection target at 84.2660 then the 84.4900 level. Meanwhile, support remains at the 84.0000/83.9850, congestion and September high. Below here will see room for deeper pullback to the 83.9000 congestion then the strong support at the 83.8000/83.7550 area.