Published: 2025-11-07T04:43:28.000Z
Chart USD/INR Update: Supported at the 88.4000 level
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Bounce from the 88.4000 support see prices unwinding oversold intraday studies setting up scope for retest of the 88.7950 and 88.8000 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.0000 | * | congestion | |
| R2 | 89.0000 | * | figure | S3 | 87.6250 | ** | Oct low | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.5000 | * | congestion |
Asterisk denotes strength of level
04:45 GMT - Bounce from the 88.4000 support see prices unwinding oversold intraday studies setting up scope for retest of the 88.7950 and 88.8000 highs. Break here, if seen, will extend the underlying bull trend and see room to the 89.0000 figure. Meanwhile, support at the 88.5000/88.4000 area underpin. Would take break here to open up room for deeper pullback to the 88.0000 congestion. Below this will return focus to the 87.6250 October low and where break is needed to return focus to the downside to retrace gains from the May, current year low.