Published: 2025-10-28T05:28:39.000Z
Chart USD/INR Update: Extending rebound from 88.6250 low
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Consolidation below the 88.0000 level has given way to sharp gains to retest the 88.3900, 15 October high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.8000 | ** | 30 Sep all-time high | S1 | 88.0000 | * | congestion | |
| R3 | 88.7200 | 14 Oct low | S2 | 87.8500 | * | 5 Aug high | ||
| R2 | 88.5000 | ** | 10 Oct low | S3 | 87.6250 | ** | 24 Oct low | |
| R1 | 88.3900 | * | 15 Oct high | S4 | 87.4200 | * | 38.2% Jul/Sep rally |
Asterisk denotes strength of level
05:25 GMT - Consolidation below the 88.0000 level has given way to sharp gains to retest the 88.3900, 15 October high. Daily studies have turned up to unwind oversold readings and suggest scope for break here to retest strong resistance at the 88.5000 congestion and 10 October low. Regaining this will return focus to the 88.8000 all-time high. Meanwhile, support is raised to the 88.0000 level which is expected to underpin. Would take return below this to open up room for retest of the 87.8500 support then the 87.6250 low and channel support.