Published: 2025-07-14T05:22:18.000Z
Chart USD/INR Update: Back to retest 86.0000/86.1025 resistance
Technical Analyst
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Higher in consolidation above the 85.5000 level to extend bounce from the 85.1900, 3 July low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.8990 | ** | 19 Jun high | S1 | 85.5000 | * | congestion | |
| R3 | 86.4600 | ** | Feb low | S2 | 85.1900 | ** | 3 Jun low | |
| R2 | 86.1025 | * | May high | S3 | 85.0000 | * | congestion | |
| R1 | 86.0000 | congestion | S4 | 84.7800 | ** | 26 May low |
Asterisk denotes strength of level
05:15 GMT - Higher in consolidation above the 85.5000 level to extend bounce from the 85.1900, 3 July low. Would take break above the 86.0000 level and the May high at 86.1025 to open up stronger gains to retrace losses from the 86.8990, June swing high. Clearance will see room to the strong resistance at 86.4600, February low. However, corrective gains are expected to give way to fresh selling pressure later. Break of support at 85.5000 congestion will expose the 85.1900 low to retest and see room to further retrace the May/June rally.