Published: 2025-10-23T05:29:05.000Z
Chart USD/INR Update: Extend consolidation above 87.6900 low
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Steady above the 87.6900 low as prices consolidate losses from the 88.8000 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.5000 | ** | 10 Oct low | S1 | 87.6900 | 16 Oct low | ||
| R3 | 88.4550 | * | Sep high | S2 | 87.5000 | * | congestion | |
| R2 | 88.3300 | * | 1 Sep high | S3 | 87.4200 | * | 38.2% Jul/Sep rally | |
| R1 | 88.0000 | * | figure | S4 | 87.0000 | * | congestion, 50% |
Asterisk denotes strength of level
05:25 GMT - Steady above the 87.6900 low as prices consolidate losses from the 88.8000 high and unwind oversold intraday and daily studies. Consolidation here expected to give way break later to open up room for deeper pullback to retrace strong gains from the 85.1900, July low. Lower will see room to 87.5000 congestion and 87.4200, 38.2% Fibonacci level. Meanwhile, resistance is lowered to 88.0000 level which is expected to cap corrective bounce and sustain losses from the 88.8000 high.