Published: 2025-08-19T05:11:02.000Z
Chart USD/INR Update: Extending pullback from 87.8850 high
Technical Analyst
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Under pressure as prices extend pullback from the 87.8850 to unwind overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 87.0600 | * | 30 Jul low | |
| R3 | 87.8850 | ** | 5 Aug high | S2 | 86.8990 | ** | Jun high | |
| R2 | 87.7400 | * | Jul high | S3 | 86.5000 | * | congestion | |
| R1 | 87.5000 | * | congestion | S4 | 86.2400 | 24 Jul low |
Asterisk denotes strength of level
05:05 GMT - Under pressure as prices extend pullback from the 87.8850 to unwind overbought daily studies. Weekly studies are stretched as well and break of the 87.2150 support suggest room for deeper pullback to 87.0600 higher low then the strong support at the 86.8990, June high. Would take break of the latter to return focus to the downside and see deeper pullback to retrace rally from the 85.1900, July low. Meanwhile, resistance is lowered to 87.5000 congestion which is expected to cap and sustain losses from the 87.8850 high.