Published: 2025-07-31T05:32:22.000Z
Chart USD/INR Update: Focus on 87.9500, all-time high
Technical Analyst
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Sharply higher through the June high at 86.8990 with follow-through above 87.5000 clearing the way for retest of 87.9500, February all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.0000 | * | figure | S1 | 87.5000 | * | congestion | |
| R3 | 88.0000 | * | figure | S2 | 87.0600 | * | 30 Jul low | |
| R2 | 87.9500 | ** | 10 Feb all-time high | S3 | 86.8990 | ** | Jun high | |
| R1 | 87.7400 | intraday high | S4 | 86.5000 | * | congestion |
Asterisk denotes strength of level
05:25 GMT - Sharply higher through the June high at 86.8990 with follow-through above 87.5000 clearing the way for retest of 87.9500, February all-time high. Deep overbought daily studies suggest reaction at the latter likely and pullback to see support starting at 87.5000. Below this will open up room for deeper pullback to the June high at 86.8990, which is expected to underpin. Below the latter will return focus to the downside and see deeper correction of rally from the 85.1900, July low.