Chart USD/INR Update: Fresh all-time high
Gapped up at the opening above the 83.4550 high to reach fresh all-time high at 83.5375
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 83.6550 | * | extension | S1 | 83.4000 | congestion | ||
R3 | 83.6000 | * | figure | S2 | 83.2000 | * | congestion | |
R2 | 83.5600 | * | extension | S3 | 83.1560 | ** | 10 Apr low | |
R1 | 83.5375 | intraday high | S4 | 83.0040 | * | 20 Mar low |
Asterisk denotes strength of level
05:15 GMT - Gapped up at the opening above the 83.4550 high to reach fresh all-time high at 83.5375. Beyond this will see room to the 83.5600 Fibonacci extension target of the strong run-up from the 82.6485, March low. Higher still will see scope to the 83.6000 figure. However, divergence on the daily studies caution corrective pullback with support raised to 83.4000 level. Below this will open up deeper corrective pullback to the 83.2000 congestion then the strong support at the 83.1560 low. The latter now underpin and break here is needed to weaken and open up deeper pullback to retrace strong gains from the 82.6485 low.