Published: 2026-05-19T05:14:43.000Z
Chart USD/INR Update: Consolidating at historic high
1
Consolidating test of 96.3875 fresh historic high but pressure remains on the upside
| 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 | 96.3875 | ** | 18 May all-time high | S4 | 94.8175 | * | 4 May low |
Asterisk denotes strength of level
05:10 GMT - Consolidating test of 96.3875 fresh historic high but pressure remains on the upside. Bullish structure suggest 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. However, 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.