Published: 2025-11-26T04:55:14.000Z
Chart USD/INR Update: Extend consolidation below 89.4900 high
-
Choppy in range as prices extend consolidation below the 89.4900, 21 November all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5500 | * | projection | S1 | 89.0000 | * | figure | |
| R3 | 89.5000 | * | projection | S2 | 88.8000 | ** | Sep high | |
| R2 | 89.4900 | ** | 21 Nov all-time high | S3 | 88.4000 | ** | 28 Oct high | |
| R1 | 88.2825 | 24 Nov high | S4 | 88.1550 | 29 Oct low |
Asterisk denotes strength of level
04:50 GMT - Choppy in range as prices extend consolidation below the 89.4900, 21 November all-time high. Daily and weekly studies are unwinding overbought readings and suggest room for deeper pullback with the 89.0000 figure initial support ahead of the 88.8000, September high. Would take pullback below the latter to ease the upside pressure and see room for deeper corrective pullback However, bullish structure suggest scope for extension of the underlying bull trend. Higher will see room to 89.5000/89.5500 projection target.