Published: 2025-09-01T05:15:17.000Z
Chart USD/INR Update: Consolidating rally to 88.3075, all-time high
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Saw rally through the 87.8000 and 87.9500 highs to reach fresh all-time high at 88.3075 last Friday
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.0000 | * | figure | S1 | 88.0000 | * | figure | |
| R3 | 88.7000 | * | projection | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.4000 | ** | upper channel | S3 | 87.5000 | * | congestion | |
| R1 | 88.3075 | ** | 29 Aug all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
05:0 GMT - Saw rally through the 87.8000 and 87.9500 highs to reach fresh all-time high at 88.3075 last Friday. Bullish momentum suggest room to extend gains though overbought daily studies caution corrective pullback. Higher will see room to equidistant channel a the 88.4000 figure. Meanwhile, support is raised to the 88.0000 figure and extending to the 87.8850, 5th August high, which should underpin and limit corrective pullback. Break will fade the upside pressure and see room for deeper pullback to correct strong rally from the 85.1900, July low.