Published: 2025-04-03T05:07:26.000Z
Chart USD/INR Update: Higher in consolidation from 85.4000 low
Technical Analyst
3
Edged up in consolidation from fresh year low at 85.4000 as the daily studies unwind oversold readings
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 86.4600 | ** | Feb low | S1 | 85.4900 | * | 24 Mar low | |
| R3 | 86.1650 | * | 24 Jan low | S2 | 85.4000 | ** | 28 Mar YTD low | |
| R2 | 86.0000 | * | figure | S3 | 85.3100 | * | 27 Dec low | |
| R1 | 85.8075 | * | Dec high | S4 | 85.1900 | * | 61.8% Sep/Feb rally |
Asterisk denotes strength of level
05:10 GMT - Edged up in consolidation from fresh year low at 85.4000 as the daily studies unwind oversold readings. Scope is seen fo stronger corrective bounce to resistance at the 85.8075, December high. Clearance here will see room to the 86.0000 figure then the 86.1650, 24 January low. Corrective gains are expected to give way to fresh selling pressure later and break of the 85.4900 and 85.4000 lows will further extend losses from the 87.9500 all-time high to retrace strong rally from the September low. Lower will see room to 85.3100 support then the 85.1900, 61.8% Fibonacci level.