Published: 2025-07-09T05:06:37.000Z
Chart USD/INR Update: Consolidating below 86.0000 level
Technical Analyst
1
Little change, as prices consolidate test of the 86.0000 level following bounce from the 85.1900 low of last week
| 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
05:00 GMT - Little change, as prices consolidate test of the 86.0000 level following bounce from the 85.1900 low of last week. Clearance will see room to the nearby resistance at 86.1025 May high then the strong resistance at 86.4600 low of February which is expected to cap. 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 scope to further retrace the May/June rally. Lower will see room to the 85.0000 congestion then the 84.7800, 26 May low.