Published: 2025-10-06T04:46:38.000Z
Chart USD/INR Update: Extend consolidation below 88.8000, all-time high
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Little change, as prices extend consolidation below the 88.8000 all-time high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 91.5000 | * | projection | S1 | 88.4450 | ** | 11 Sep high | |
| R3 | 90.0000 | ** | psychological | S2 | 88.3300 | * | 1 Sep high | |
| R2 | 89.0000 | * | figure | S3 | 88.0000 | * | congestion | |
| R1 | 88.8000 | ** | 30 Sep all-time high | S4 | 87.8850 | ** | 5 Aug high |
Asterisk denotes strength of level
04:50 GMT - Little change, as prices extend consolidation below the 88.8000 all-time high. However, pressure remains on the upside and see room to further extend gains within the bullish channel from the 83.7700, May low. Higher will see room to target the 89.0000 figure and 90.0000 psychological level. However, overbought daily and weekly studies caution corrective pullback with support now at the 88.4450/88.3300, September highs. Would take break here to fade the upside pressure and correct strong gains from the 85.1900, July low.