Published: 2026-07-14T05:40:21.000Z
Chart USD/INR Update: Extending gains
1
Consolidation below 95.8500/96.0000 area has given way to break to extend gains from the 94.1500 June low
| 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 | 96.5000 | congestion | S4 | 94.0000 | figure |
Asterisk denotes strength of level
05:30 GMT - Consolidation below 95.8500/96.0000 area has given way to break to extend gains from the 94.1500 June low. While daily studies are stretched weekly chart remains positive and suggest room for further gains ahead. Higher will see room to 96.5000 congestion then 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. Break take break here to ease the upside pressure and see room for pullback to retrace gains from the 94.1500 June low.