Published: 2025-08-20T05:40:02.000Z
Chart USD/INR Update: Consolidating above 86.9000 support
Technical Analyst
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Break of the 87.0000 level further extend losses from the 87.8850 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 86.9000 | ** | Jun high | |
| R3 | 87.8850 | ** | 5 Aug high | S2 | 86.5000 | * | congestion | |
| R2 | 87.7400 | * | Jul high | S3 | 86.2400 | 24 Jul low | ||
| R1 | 87.5000 | * | congestion | S4 | 86.0275 | ** | 7 Jul high |
Asterisk denotes strength of level
05:30 GMT - Break of the 87.0000 level further extend losses from the 87.8850 high before stabilising above support at the 86.9000, June high. Consolidation here see prices unwinding oversold intraday studies but this is expected to give way to fresh selling pressure later. Negative daily and weekly studies highlights risk for break of the 86.9000 support to further retrace rally from the 85.1900, July low. Meanwhile, resistance is lowered to 87.5000 congestion which is expected to cap and sustain losses from the 87.8850 high.