Published: 2025-08-05T05:22:52.000Z
Chart USD/INR Update: Within reach of 87.9500, all-time high
Technical Analyst
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Gapped up at the open to break the 87.7400 high of last week see prices extending the broader gains from the May low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.2000 | * | projection | S1 | 87.5000 | * | congestion | |
| R3 | 88.7000 | * | projection | S2 | 87.2150 | * | 4 Aug low | |
| R2 | 88.0000 | * | figure | S3 | 87.0600 | * | 30 Jul low | |
| R1 | 87.9500 | ** | 10 Feb all-time high | S4 | 86.8990 | ** | Jun high |
Asterisk denotes strength of level
05:15 GMT - Gapped up at the open to break the 87.7400 high of last week see prices extending the broader gains from the May low. Focus now turn to the February all-time high at 87.9500 where reaction can be expected. However, positive daily and weekly studies suggest scope for break to extend the underlying bull trend and see room to the 88.0000 figure. Higher still, will see scope for projection to 88.7000 and 89.2000 levels. Meanwhile, support is raised to 87.5000 congestion and extending to the 87.2150 higher low, now expected to underpin.