Published: 2025-07-07T05:47:47.000Z
Chart USD/INR Update: Higher in consolidation from 85.1900 low
Technical Analyst
1
Higher in consolidation from the 85.1900 low to retrace losses from the 86.8990, June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.8990 | ** | 19 Jun high | S1 | 85.5000 | * | congestion | |
| R3 | 86.4600 | ** | Feb low | S2 | 85.1900 | ** | 3 Jun low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 85.7700 | * | 30 Jun high | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
05:40 GMT - Higher in consolidation from the 85.1900 low to retrace losses from the 86.8990, June high. Prices are unwinding oversold intraday and daily studies, lift over the 85.5000 congestion open up room for stronger gains to resistance at 85.7700 and 86.1025. Corrective gains are expected to give way to renewed selling pressure later. Below the 85.5000 congestion will expose the 85.1900 low to retest. Below the latter will further retrace the May/June gains and and see room to the 85.0000 congestion then the 84.7800, 26 May low.