Published: 2025-09-23T04:47:17.000Z
Chart USD/INR Update: Extending gains to fresh all-time high
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Bounce from the 87.7200 low of last week has seen rally through the 88.3300 and 88.4550 highs reach fresh all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 90.0000 | ** | psychological | S1 | 88.3300 | * | 1 Sep high | |
| R3 | 89.0000 | ** | figure | S2 | 88.0000 | * | congestion | |
| R2 | 88.7000 | * | projection | S3 | 87.8850 | ** | 5 Aug high | |
| R1 | 88.5650 | intraday high | S4 | 87.7200 | * | 17 Sep low |
Asterisk denotes strength of level
04:45 GMT - Bounce from the 87.7200 low of last week has seen rally through the 88.3300 and 88.4550 highs reach fresh all-time high, currently at 88.5650. Bullish momentum suggest room to extend gains and higher will see room to the 88.7000 projection target. Higher still see scope for extension to the 89.0000 figure and bullish channel resistance from the May low. Meanwhile, support is raised to the 88.3300, 1 September high, now expected to underpin and sustain bullish gains from the 87.7200 swing low.