Published: 2025-07-25T05:00:51.000Z
Chart USD/INR Update: Extending gains, focus turn to 86.7100/86.8990 highs
Technical Analyst
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Consolidation below the 86.4600 has given way to break to extend gains from the 85.1900, 3rd July low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.3850 | * | 11 Mar high | S1 | 86.2400 | 24 Jul low | ||
| R3 | 87.0000 | * | figure | S2 | 86.0000 | * | congestion | |
| R2 | 86.8990 | ** | Jun high | S3 | 85.7325 | * | 16 Jul low | |
| R1 | 86.7100 | * | Apr high | S4 | 85.5000 | * | congestion |
Asterisk denotes strength of level
05:00 GMT - Consolidation below the 86.4600 has given way to break to extend gains from the 85.1900, 3rd July low. Higher will see room to retest the April high 86.7100 then the 86.8990, June high. Would expect reaction here to unwind the stretched daily studies. Clearance here, if seen, will see further extension to retrace the February/May losses to the 87.0000 level. Meanwhile, support is raised to 86.2400 and extending to congestion at 86.0000 which should underpin and sustain gains from the 85.1900 low.