Published: 2026-07-17T04:44:11.000Z
Chart USD/INR Update: Extending gains
1
Still stretching as prices extend gains from the 94.1500 June double bottom to reach 96.3700 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.0900 | projection | S1 | 95.8500 | * | Jun high | ||
| R3 | 97.0000 | * | figure | S2 | 95.5000 | * | congestion | |
| R2 | 96.9600 | ** | 20 May all-time high | S3 | 94.9000 | ** | 23 Jun high | |
| R1 | 96.5000 | 20 May low | S4 | 94.1500 | ** | Jun low |
Asterisk denotes strength of level
04:45 GMT - Still stretching as prices extend gains from the 94.1500 June double bottom to reach 96.3700 high. Nearby see room to resistance at 96.5000 and break here will see potential for retest of the 96.9600 all-time high. Would expect reaction at the latter while break will see room for extension to the 97.0000 figure and 97.0900 projection target. Meanwhile, support is raised to the 96.0000/95.8500 congestion and June high which should underpin. Would take break here to ease the upside pressure and see room for deeper pullback to 95.5000 congestion and strong support at 94.9000.