Published: 2025-08-26T05:21:05.000Z
Chart USD/INR Update: Within reach of 87.8850 high
Technical Analyst
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Break above the 87.5000 congestion see prices extending bounce from the 86.9200 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 88.3000 | * | projection | S1 | 87.5000 | * | congestion | |
| R3 | 88.0000 | * | figure | S2 | 86.9000 | ** | Jun high | |
| R2 | 87.9500 | ** | 10 Feb all-time high | S3 | 86.5000 | * | congestion | |
| R1 | 87.8850 | ** | 5 Aug high | S4 | 86.2400 | 24 Jul low |
Asterisk denotes strength of level
05:15 GMT - Break above the 87.5000 congestion see prices extending bounce from the 86.9200 low of last week. Rally through the 87.7400 resistance clears the way for retest of the 87.8850, 5 August high. Clearance here will open up room for extension to the 87.9500, 10 February all-time high. However, weekly studies are stretched and suggest reaction here likely. gains giving way to renewed selling pressure later. Meanwhile, support is raised to the 87.5000 congestion which is expected to underpin. Failure will open up room for deeper pullback to 87.0000 level and 86.9000 support.