Published: 2026-05-18T05:43:45.000Z
Chart USD/INR Update: Extending gains
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Pressure remains on the upside as prices extend break of the 96.0000 level to reach fresh historic high at 96.3000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.0000 | projection | S1 | 96.0000 | * | figure | ||
| R3 | 97.1000 | projection | S2 | 95.4325 | * | 5 May high | ||
| R2 | 96.5000 | projection | S3 | 95.2100 | ** | Mar high | ||
| R1 | 96.3000 | intraday high | S4 | 94.8175 | * | 4 May low |
Asterisk denotes strength of level
05:35 GMT - Pressure remains on the upside as prices extend break of the 96.0000 level to reach fresh historic high at 96.3000. Bullish structure keep pressure on the upside and see room to further extend gains from the 92.4050 April low. Higher will see scope to target the 96.5000 and 97.1000 projection targets. Meanwhile, support is raised to the 96.0000 level which should underpin. Would take break here to ease the upside pressure and open up room for deeper pullback to strong support at 95.4325 and 95.2100, 5 May and March highs.