Published: 2026-05-20T05:32:23.000Z
Chart USD/INR Update: Extending gains to fresh historic high
2
No change, as prices extend parabolic gains to fresh historic high at 96.9600
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.0000 | figure, projection | S1 | 96.0000 | * | figure | ||
| R3 | 97.5000 | figure | S2 | 95.4325 | * | 5 May high | ||
| R2 | 97.1000 | projection | S3 | 95.2100 | ** | Mar high | ||
| R1 | 96.9600 | intraday high | S4 | 94.8175 | * | 4 May low |
Asterisk denotes strength of level
05:30 GMT - No change, as prices extend parabolic gains to fresh historic high at 96.9600. Bullish structure keep focus on the upside as prices extend gains from the 92.4050 April low. Higher will see scope to target the 97.0000 figure and 97.1000 projection targets. Overbought daily and weekly studies caution corrective pullback with support starting at 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, the 5 May and March highs.