Published: 2025-07-29T05:52:03.000Z
Chart USD/INR Update: Extending May gains
Technical Analyst
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Consolidation at the 86.5000 level has given way to further gains to retest the 86.8990, June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.5300 | * | 28 Feb high | S1 | 86.6650 | 28 Jul high, gap | ||
| R3 | 87.3850 | * | 11 Mar high | S2 | 86.4000 | * | 28 Jul low | |
| R2 | 87.0000 | * | figure | S3 | 86.2400 | * | 24 Jul low | |
| R1 | 86.8990 | ** | Jun high | S4 | 86.0000 | ** | congestion |
Asterisk denotes strength of level
05:40 GMT - Consolidation at the 86.5000 level has given way to further gains to retest the 86.8990, June high. Break here will further retrace losses from the February all-time high at 87.9500 and see room to the 87.0000 level. Higher still, if seen, will open up room for extension to target 87.3850, 11 March high. However, daily and weekly remains overbought and caution corrective pullback with support raised to the 86.6650, Tuesday high and gap area. Below here will see room for deeper pullback to 86.4000 and 86.2400 support.