Published: 2025-11-03T05:29:27.000Z
Chart USD/INR Update: Poised for retest of 88.8000, all-time high
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Pressure remain on the upside as prices extend gains from the 87.6250 October swing low towards the 88.8000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.5000 | * | 10 Oct low | |
| R3 | 89.2000 | * | projection | S2 | 88.4000 | * | 28 Oct high | |
| R2 | 89.0000 | * | figure | S3 | 88.0000 | * | congestion | |
| R1 | 88.8000 | ** | 30 Sep sll-time high | S4 | 87.6250 | ** | 24 Oct low |
Asterisk denotes strength of level
05:25 GMT - Pressure remain on the upside as prices extend gains from the 87.6250 October swing low towards the 88.8000, September all-time high. Positive daily studies highlight scope for break here to extend the underlying bull trend and see room for extension to target 89.0000 figure. Higher still, if seen, will see room to the 89.2000 and 89.5000 projection target. Meanwhile, support remains at the 88.5000/88.4000 area which now underpin. Would take break here to fade the upside pressure and see room for consolidation back to 88.0000 level and 87.6250 low.