Published: 2025-08-22T05:20:44.000Z
Chart USD/INR Update: Extending bounce from 86.9200 low
Technical Analyst
-
Rebound from the 86.9200 low see prices retracing pullback from the 87.8850 high and unwinding oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 87.9500 | ** | 10 Feb all-time high | S1 | 86.9000 | ** | Jun high | |
| R3 | 87.8850 | ** | 5 Aug high | S2 | 86.5000 | * | congestion | |
| R2 | 87.7400 | * | Jul high | S3 | 86.2400 | 24 Jul low | ||
| R1 | 87.5000 | * | congestion | S4 | 86.0275 | ** | 7 Jul high |
Asterisk denotes strength of level
05:15 GMT - Rebound from the 86.9200 low see prices retracing pullback from the 87.8850 high and unwinding oversold daily studies. Resistance is at the 87.5000 congestion which is expected to cap. Clearance, if seen, will open room for stronger bounce to the 87.7400 resistance. Negative weekly studies suggest bounce giving way to renewed selling pressure later and where break of the 86.9200 low and 86.9000 level will see deeper pullback to retrace rally from the 85.1900, July low. Lower will see extension to the 86.5000 congestion and 86.2400 support.