Published: 2025-01-13T06:01:36.000Z
Chart USD/INR Update: Extending sharp gains
Technical Analyst
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Sharp gapped up opening above the 86.0000 figure has seen extension to reach fresh all-time high at 86.4000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.0000 | * | figure | S1 | 86.2050 | * | intraday low | |
| R3 | 86.7500 | * | projection | S2 | 85.9700 | * | 10 Jan high | |
| R2 | 86.4500 | * | projection | S3 | 85.8400 | * | 6 Jan high | |
| R1 | 86.4000 | intraday high | S4 | 85.8075 | ** | Dec high |
Asterisk denotes strength of level
05:50 GMT - Sharp gapped up opening above the 86.0000 figure has seen extension to reach fresh all-time high at 86.4000. Beyond this will further extend the underlying bull trend and see scope to the 86.4500 and 86.75000 projection target. While the deep overbought daily and weekly studies caution corrective pullback this is likely to prove limited with first support raised to the 85.9700 gap from the high of Friday. Below here see strong support at the 85.8400/85.8075 recent highs which is expected limit corrective pullback.