Published: 2025-11-11T05:14:00.000Z
Chart USD/INR Update: Scope to retest 88.8000 high
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Little change, as prices extend consolidation below the 88.7950 and 88.8000 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.0000 | * | congestion | |
| R2 | 89.0000 | * | figure | S3 | 87.6250 | ** | Oct low | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.5000 | * | congestion |
Asterisk denotes strength of level
05:05 GMT - Little change, as prices extend consolidation below the 88.7950 and 88.8000 highs. Bounce from the 88.5000/88.4000 support last week keep pressure on the upside and see scope for break to extend the underlying bull trend. Clearance will open up room for fresh gains to the 89.0000 figure. Meanwhile, support at the 88.5000/88.4000 area should underpin. Would takle break here to return focus to the downside for retest of the 88.0000 level and threatens full retracement of gains from the 87.6250, October low.