Published: 2026-06-08T05:31:11.000Z
Chart USD/INR Update: Extend consolidation below 95.8500
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Settled into consolidation from test of strong resistance at the 95.8500, 3 June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.1000 | projection | S1 | 95.2100 | * | Mar high | ||
| R3 | 96.9600 | ** | 20 May all-time high | S2 | 94.7275 | ** | 1 Jun low | |
| R2 | 96.0000 | * | figure | S3 | 94.0800 | ** | May low | |
| R1 | 95.8500 | ** | 3 Jun high | S4 | 93.4100 | ** | 15 Apr high |
Asterisk denotes strength of level
05:25 GMT - Settled into consolidation from test of strong resistance at the 95.8500, 3 June high. While the latter caps, scope is seen for pullback to retest the 94.7275 low. Break here will see deeper pullback to retrace the April/May rally and see room strong support at the 94.0800/94.0000, May low and congestion area. Lower still, will open up room to strong support at 93.4100 high of 15 April and 93.0000 level. Meanwhile, resistance at the 95.7925/95.8500 highs are expected to cap and sustain losses from the 96.9600, 20 May all-time high.