Published: 2025-09-05T04:59:38.000Z
Chart USD/INR Update: Remains supported above 87.8850
Technical Analyst
1
Little change, as prices holds steady in consolidation following bounce from 87.8850 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.0000 | * | figure | S1 | 88.0000 | * | figure | |
| R3 | 88.7000 | * | projection | S2 | 87.8850 | ** | 5 Aug high | |
| R2 | 88.5000 | ** | upper channel | S3 | 87.5000 | * | congestion | |
| R1 | 88.3300 | ** | 1 Sep all-time high | S4 | 87.0000 | * | figure |
Asterisk denotes strength of level
05:00 GMT - Little change, as prices holds steady in consolidation following bounce from 87.8850 support. However, overbought daily studies threatens deeper corrective pullback from the 88.3300 all-time high with break needed to fade the upside pressure and see deeper retracement of the strong rally from the 88.1900, July low. Break will open up room to the 87.5000 congestion and 87.0000 figure. Meanwhile, resistance at the 88.3300 high is expected to cap. Clearance will further extend gains from the May current year low and see room to 88.5000 channel resistance.