Published: 2026-07-23T06:00:50.000Z
Chart USD/INR Update: Extending gains
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Consolidation below resistance at 96.5000 see prices extending strong gains from the June low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.0900 | projection | S1 | 95.8500 | * | Jun high | ||
| R3 | 97.0000 | * | figure | S2 | 95.5000 | * | congestion | |
| R2 | 96.9600 | ** | 20 May all-time high | S3 | 94.9000 | ** | 23 Jun high | |
| R1 | 96.5800 | * | 22 Jul high | S4 | 94.1500 | ** | Jun low |
Asterisk denotes strength of level
05:50 GMT - Consolidation below resistance at 96.5000 see prices extending strong gains from the June low and see potential for retest of the 96.9600 all-time high. Would expected reaction at the latter as daily studies extend into overbought areas. Clearance here, if seen, will see room for extension to the 97.0000 figure and 97.0900 projection target. Meanwhile, support is raised to the 96.0000/95.8500 congestion and June high. Would take break here to ease the upside pressure and see room for deeper pullback to 95.5000 congestion and strong support at 94.9000.