Published: 2025-12-17T05:10:45.000Z
Chart USD/INR Update: Sharp rejection from 91.0750 record high
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Turned sharply lower from Tuesday's 91.0750 record high as prices unwind deep overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 92.0000 | * | figure | S1 | 90.0000 | * | figure, congestion | |
| R3 | 91.5800 | * | projection | S2 | 89.6950 | * | 5 Dec low | |
| R2 | 91.5000 | * | projection | S3 | 89.4900 | ** | Nov high | |
| R1 | 91.0750 | ** | 16 Dec all-time high | S4 | 89.0000 | * | figure |
Asterisk denotes strength of level
05:05 GMT - Turned sharply lower from Tuesday's 91.0750 record high as prices unwind deep overbought daily studies. Pullback through the 90.4200 support has seen approach to the 90.0000 figure to suggest recent strong gains now being reversed. Weekly studies are stretched as well and see potential for break for break of 90.0000 to open up room for deeper pullback to support at 89.6950 then the 89.49000, November high. Meanwhile, resistance at the 91.0000 figure and 91.0750 high expected to cap.