Published: 2026-05-12T06:04:56.000Z
Chart USD/INR Update: Break to fresh historic high
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Bounce from the 94.0800 pullback low has seen rally to reach fresh historic high at 95.6250
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.5000 | projection | S1 | 95.2100 | ** | Mar high | ||
| R3 | 96.0900 | projection | S2 | 94.8175 | * | 4 May low | ||
| R2 | 96.0000 | figure | S3 | 94.0000 | ** | figure, congestion | ||
| R1 | 95.6250 | intraday high | S4 | 93.4100 | ** | 15 Apr high |
Asterisk denotes strength of level
06:00 GMT - Bounce from the 94.0800 pullback low has seen rally through the 95.2100 and 95.4325 March and high of last week to reach fresh historic high at 95.6250. Higher will see potential for extension to the 96.0000 figure and 96.0900 projection target. Meanwhile, support is raised to 95.2100 March high which should underpin. Only below here will see room for deeper corrective pullback to the 94.8175 support and 94.0800/94.0000 congestion. The latter now seen protecting the downside and break here needed to fade the upside pressure.