Published: 2025-06-27T06:48:10.000Z
Chart USD/INR Update: Extending losses from 86.8990 high
Technical Analyst
1
Prices remains under pressure to extend losses from the 86.8990 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.7100 | * | Apr high | S1 | 85.4175 | ** | 11 Jun low | |
| R3 | 86.4600 | * | Feb low | S2 | 85.2425 | * | 30 May low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 85.9150 | 24 Jun low | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
06:40 GMT - Prices remains under pressure to extend losses from the 86.8990 high. Below the 85.8850/85.6475 gap area see room to support at the 85.4175 and 85.2425 lows. Daily studies are still tracking lower and retracing the May/June rally, below the latter will see room for deeper pullback to the 85.000 level then the strong support at 84.7800. Meanwhile, resistance is lowered to the 24 June low at 85.9150 and the 86.0000 level. This area is expected to cap and sustain losses from the 86.8990 high.