Published: 2025-09-18T04:50:06.000Z
Chart USD/INR Update: Turned up in consolidation
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Gapped up opening see prices back to retest the 88.0000 level from the 87.7200 mid-week low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.5000 | * | figure | S1 | 87.7200 | 17 Sep low | ||
| R3 | 88.4550 | ** | 11 Sep all-time high | S2 | 87.5000 | * | figure | |
| R2 | 88.3300 | * | 1 Sep high | S3 | 87.0000 | * | figure | |
| R1 | 88.0000 | * | figure | S4 | 86.9000 | ** | Jun high |
Asterisk denotes strength of level
04:50 GMT - Gapped up opening see prices back to retest the 88.0000 level from the 87.7200 mid-week low as prices consolidate pullback from the 88.4550 high. Consolidation is expected to give way to renewed selling pressure later and see deeper pullback to correct strong gains from the 88.1900, July low. Lower will see room to the 87.5000 congestion then the strong support at the 87.0000/86.9000 congestion and June high. Meanwhile, resistance at the 88.3300 and 88.4550 highs are expected to cap.