Published: 2025-02-21T05:38:24.000Z
Chart USD/INR Update: Under pressure, 86.4600 support at risk
Technical Analyst
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Consolidation below the 87.0000 level has given way to fresh selling pressure through the 86.6525 support to open the 86.4600 low to retest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.5825 | * | 6 Feb high | S1 | 86.4600 | ** | 12 Feb low | |
| R3 | 87.2800 | * | 3 Feb high | S2 | 86.3125 | * | 15 Jan low | |
| R2 | 87.0000 | ** | 4 Feb low | S3 | 86.1650 | ** | 24 Jan low | |
| R1 | 86.6525 | * | Jan high | S4 | 85.9700 | ** | 10 Jan high |
Asterisk denotes strength of level
05:30 GMT - Consolidation below the 87.0000 level has given way to fresh selling pressure through the 86.6525 support to open the 86.4600 low to retest. Break of the latter will extend losses from the 87.9500 all-time high to retrace rally from the September low. Lower will see extension to the 86.3125 and 86.1650 support. Below the latter will turn focus to the 86.0000 level and 85.9700, 10 January high. Meanwhile, resistance is lowered to the 86.6525 high of January which is expected to cap and sustain losses from the 87.0000 figure.