Published: 2025-11-06T04:59:57.000Z
Chart USD/INR Update: Lower in consolidation
2
Settled back in consolidation below the 88.8000 September all-time high as prices unwind the overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 89.5000 | * | projection | S1 | 88.4000 | * | 28 Oct high | |
| R3 | 89.2000 | * | projection | S2 | 88.0000 | * | congestion | |
| R2 | 89.0000 | * | figure | S3 | 87.6250 | ** | Oct low | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.5000 | * | congestion |
Asterisk denotes strength of level
05:00 GMT - Settled back in consolidation below the 88.8000 September all-time high as prices unwind the overbought daily studies to reach support at the 88.5000/88.4000 area. Would take break here to open up room for deeper pullback to the 88.0000 congestion. Below this will return focus to the 87.6250 October low and where break will confirm a double top at the 88.8000 and 88.7950 highs and further retrace gains from the May, current year low. Break above the 88.8000 high, is seen, will extend the underlying bull trend and see room to the 89.0000 figure.