Published: 2025-12-09T05:15:11.000Z
Chart USD/INR Update: Extend consolidation below 90.4200 high
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Bounce above the 90.0000 level saw gains stalling at the 90.2575 high to keep prices in consolidation below the 90.4200 record high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 91.0000 | * | figure | S1 | 89.6950 | * | 5 Dec low | |
| R3 | 90.7500 | * | projection | S2 | 89.4900 | ** | Nov high | |
| R2 | 90.5000 | * | congestion | S3 | 89.0000 | * | figure | |
| R1 | 90.4200 | ** | 4 Dec all-time high | S4 | 88.8000 | ** | Sep high |
Asterisk denotes strength of level
05:10 GMT - Bounce above the 90.0000 level saw gains stalling at the 90.2575 high to keep prices in consolidation below the 90.4200 record high. However, bullish structure keeps focus on the upside to extend the underlying bull trend. Clearance will target congestion at the 90.5000/90.7500 area then the 91.0000 figure. Meanwhile, support is at the 89.6950 Friday's low which is expected to underpin and limit corrective pullback. Break here will ease the upside pressure and open up room for deeper pullback to strong support at 89.4900, November high.