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Published: 2025-09-03T05:13:13.000Z

Chart USD/INR Update: Lower in consolidation, but still supported

byPakLai Ng

Technical Analyst
-

Lower in consolidation from the 88.3300 high as prices unwind overbought intraday and daily studies

 Level Comment  Level Comment
R489.0000*figure S188.0000*figure
R388.7000*projection S287.8850**5 Aug high             
R288.5000**upper channel S387.5000*congestion
R188.3300**1 Sep all-time high S487.0000*figure

Asterisk denotes strength of level

05:00 GMT - Lower in consolidation from the 88.3300 high as prices unwind overbought intraday and daily studies. However, the downside remains limited and see break of the 88.0000 level and 87.8850, 5 August high, needed to fade the upside pressure and open up room for deeper pullback to correct the strong rally from the 88.1900, July low. Meanwhile, resistance at the 88.3300 high is expected to cap. Clearance here needed to further extend gains from the May current year low and see room to 88.5000 channel resistance.

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Topics
USD/INR-TA
EM-Technical
Technical Analysis

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