Published: 2025-05-30T04:51:39.000Z
Chart USD/INR Update: Lower in consolidation
Technical Analyst
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Settled back from the 85.7075 bounce high as prices consolidate bounce from the 84.7800 low of Monday
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.4600 | * | Feb low | S1 | 85.0000 | * | congestion | |
| R3 | 86.1025 | ** | 22 May high | S2 | 84.7800 | ** | 26 May low | |
| R2 | 85.8425 | * | 9 May high | S3 | 84.5000 | * | congestion | |
| R1 | 85.7075 | * | 28 May high | S4 | 84.0000 | ** | congestion |
Asterisk denotes strength of level
04:50 GMT - Settled back from the 85.7075 bounce high as prices consolidate bounce from the 84.7800 low of Monday and unwind overbought intraday studies. Daily studies have turned mixed and pullback will see room for retest of the 85.0000 level and where break will return focus to the 84.7800 low and see room to extend the broader losses from the 86.1025 swing high. Lower will see room to retest support at 84.5000 congestion then the 84.0000 level. Meanwhile, resistance at 85.7075 high is expected to cap and limit any corrective bounce.