Published: 2026-06-29T05:18:22.000Z
Chart USD/INR Update: Under pressure
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Consolidation from the 94.1800 low has given way to fresh selling pressure at the 94.9150 bounce high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.0000 | * | figure | S1 | 94.1500 | * | 25 Jun low | |
| R3 | 95.8500 | ** | 3 Jun high | S2 | 94.0800 | ** | May low | |
| R2 | 95.2100 | ** | Mar high | S3 | 93.4100 | ** | 15 Apr high | |
| R1 | 94.9150 | * | 24 Jun high | S4 | 93.0000 | * | figure |
Asterisk denotes strength of level
05:10 GMT - Consolidation from the 94.1800 low has given way to fresh selling pressure at the 94.9150 bounce high to pressure support at the 94.1800/94.0800 lows. Negative daily and weekly studies suggest scope for break here to extend losses from the 96.9600 all-time high to retrace strong gains from the April 2025 year low. Break will see room for extension to support at 93.4100 then the 93.0000 figure. Meanwhile, resistance is lowered to the 94.7275/94.9150 area which is now expected to cap and sustain losses from the 96.9600 high.