Published: 2024-12-02T05:41:44.000Z
Chart USD/INR Update: Sharp break to fresh high at 84.6775
Technical Analyst
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Sharply higher with the gapped up opening above the 84.5075 high reaching fresh high at 84.6775
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 84.8150 | projection | S1 | 84.5075 | * | congestion | ||
| R3 | 84.8000 | figure | S2 | 84.4000 | * | congestion | ||
| R2 | 84.7800 | projection | S3 | 84.2200 | ** | 26 Nov low | ||
| R1 | 84.6775 | ** | intraday high | S4 | 84.2000 | * | figure |
Asterisk denotes strength of level
05:35 GMT - Sharply higher with the gapped up opening above the 84.5075 high reaching fresh high at 84.6775. Higher will see room to extend the underlying bull trend to the 84.7800 projection target then the 84.8000 figure. However, weekly studies remains overbought and suggest reaction at the latter likely. Meanwhile, support is raised to the 84.5075 high which now underpin and expected to sustain underlying bull trend. Would take break here to ease the upside pressure and see room for pullback to support at the 84.4000 congestion.