Published: 2026-07-30T04:50:16.000Z
Chart USD/INR Update: Under pressure
1
Pressure remains on the downside with break of the 96.0000/95.8500 area extending losses to the 95.5000 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.0000 | * | figure | S1 | 95.5000 | * | congestion | |
| R3 | 96.9600 | ** | 20 May all-time high | S2 | 94.9000 | ** | 23 Jun high | |
| R2 | 96.6700 | * | 24 Jul high | S3 | 94.1500 | ** | Jun low | |
| R1 | 96.0000 | * | congestion | S4 | 93.4700 | * | 15 Apr high |
Asterisk denotes strength of level
04:50 GMT - Pressure remains on the downside with break of the 96.0000/95.8500 area extending losses to the 95.5000 support. Negative daily studies and bearish divergence on weekly chart suggest scope for break here to further retrace strong gains from the 94.1500 June low. Lower will see extension to support at the 95.0000/94.9000 congestion. Below the latter will return focus to the 94.1500 low. Meanwhile, resistance remains at the 96.0000 congestion which should cap and sustain losses from the 96.6700 high of 24 July.