Published: 2026-07-21T05:47:02.000Z
Chart USD/INR Update: Extending gains
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Consolidating test of the 96.5000 high but strong gains from the June low keep pressure on the upside
| 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 | 96.5000 | * | 20 May low | S4 | 94.1500 | ** | Jun low |
Asterisk denotes strength of level
05:40 GMT - Consolidating test of the 96.5000 high but strong gains from the June low keep pressure on the upside. Break here will see potential for retest of the 96.9600 all-time high where reaction is expected. A later break, if seen, will see room for extension of 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.