Published: 2025-04-07T06:44:48.000Z
Chart USD/INR Update: Corrective bounce from 84.9575 low
Technical Analyst
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Sharply higher at the open above the 85.5000 support as prices correct sharp losses from the March high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.1650 | ** | 24 Jan low | S1 | 85.5000 | * | congestion | |
| R3 | 86.0000 | * | figure | S2 | 85.0000 | * | congestion | |
| R2 | 85.9100 | * | 27 Mar high | S3 | 84.9575 | ** | 4 Apr YTD low | |
| R1 | 85.8075 | * | 27 Dec high | S4 | 84.7575 | * | 3 Dec high |
Asterisk denotes strength of level
06:35 GMT - Sharply higher at the open above the 85.5000 support as prices correct losses from the March high. Resistance is at 85.8075 high of 27 December and clearance here will open up room for stronger bounce to the 85.9100 resistance and the 86.000 level. Higher still, is seen, will see room to resistance at the 86.1650, January low. Corrective gains are expected to give way to selling pressure later with support starting at 85.5000/85.4000 congestion. Below this will return focus to the downside for retest of the 85.0000 figure and 84.9575, 4 April YTD low.