Published: 2026-05-15T05:20:30.000Z
Chart USD/INR Update: Still scope for higher
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Consolidating gains to fresh historic high at 95.9575 but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.5000 | projection | S1 | 95.4325 | * | 5 May high | ||
| R3 | 96.0900 | projection | S2 | 95.2100 | ** | Mar high | ||
| R2 | 96.0000 | figure | S3 | 94.8175 | * | 4 May low | ||
| R1 | 95.9575 | ** | 14 May all-time high | S4 | 94.0000 | ** | figure, congestion |
Asterisk denotes strength of level
05:00 GMT - Consolidating gains to fresh historic high at 95.9575 but pressure remains on the upside. Higher will see scope to target the 96.0000 figure and 96.0900 projection target. Meanwhile, support is raised to the 95.4325/95.2100, 5 May and March highs, which should underpin. Would take break here to ease the upside pressure and open up room for corrective pullback to 94.8175 low of 4 May and strong support at the 94.0800/94.0000 area. The latter is expected to underpin and only break here will fade the upside pressure and see deeper retracement of gains from the April low.