Published: 2026-07-15T05:12:27.000Z
Chart USD/INR Update: Still firm above 96.0000
1
Consolidation below 96.3000 resistance but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.0900 | projection | S1 | 95.5000 | * | congestion | ||
| R3 | 97.0000 | * | figure | S2 | 95.0000 | * | congestion | |
| R2 | 96.9600 | ** | 20 May all-time high | S3 | 94.1500 | ** | Jun low | |
| R1 | 96.3000 | 22 May high | S4 | 94.0000 | figure |
Asterisk denotes strength of level
05:10 GMT - Consolidation below 96.3000 resistance but pressure remains on the upside and see scope for break to extend gains from the 94.1500 June low. Daily and weekly studies are tracking higher and suggest room for further gains. Higher will see room to retest the 96.9600 all-time high where reaction can be expected. Meanwhile, support is raised to the 95.6000/95.5000 congestion area which should underpin. Would take break here to ease the upside pressure and see room for pullback to retrace gains from the 94.1500 June low.