Published: 2025-06-13T05:18:42.000Z
Chart USD/INR Update: Extending May gains
Technical Analyst
1
Gapped up sharply at the open above the 86.0000 level and break of the 86.1025 resistance see prices extending gains from the 83.7700, May YTD low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.8725 | * | 7 Mar low | S1 | 86.0000 | * | congestion | |
| R3 | 86.7100 | ** | Apr high | S2 | 85.5000 | * | congestion | |
| R2 | 86.4600 | * | Feb low | S3 | 85.4175 | * | 11 Jun low | |
| R1 | 86.3530 | * | 61.8% Feb/Apr fall | S4 | 85.2425 | * | 30 May low |
Asterisk denotes strength of level
05:10 GMT - Gapped up sharply at the open above the 86.0000 level and break of the 86.1025 resistance see prices extending gains from the 83.7700, May YTD low. Positive daily studies suggest room for stronger gains to the 86.3530, 61.8% Fibonacci level. Higher still, will see scope to resistance at 86.4600 then the 86.7100, high of April. Meanwhile, support is raised to the 86.0000 level which is expected to underpin. Below here will see prices settling back in consolidation and see room to the 85.5000 congestion.