Published: 2025-07-21T04:59:37.000Z
Chart USD/INR Update: Extending gains
Technical Analyst
1
Break of the 86.0000/86.1025 resistance see prices further retracing the June/July losses
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.3850 | * | 11 Mar high | S1 | 86.0000 | * | congestion | |
| R3 | 87.0000 | * | figure | S2 | 85.7325 | * | 16 Jul low | |
| R2 | 86.8990 | ** | Jun high | S3 | 85.5000 | * | congestion | |
| R1 | 86.4600 | ** | Feb low | S4 | 85.1900 | ** | 3 Jul low |
Asterisk denotes strength of level
05:00 GMT - Break of the 86.0000/86.1025 resistance see prices further retracing the June/July losses and see room to strong resistance at the 86.4600, February low. Clearance here, if seen, will return focus to the 86.8990, June swing high. Reaction at the latter is expected and corrective gains expected to meet with fresh selling pressure. Meanwhile, support is raised to the 86.0000 level which should underpin. Break here will return focus to the downside to retrace rally from the 85.1900 low.