Published: 2026-07-31T04:58:55.000Z
Chart USD/INR Update: Extending losses
1
Under pressure, as prices extend losses from the 96.6700 high through the 95.5000 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.0000 | * | figure | S1 | 95.0000 | * | congestion | |
| R3 | 96.9600 | ** | 20 May all-time high | S2 | 94.9000 | ** | 23 Jun high | |
| R2 | 96.6700 | * | 24 Jul high | S3 | 94.1500 | ** | Jun low | |
| R1 | 96.0000 | * | congestion | S4 | 93.4700 | * | 15 Apr high |
Asterisk denotes strength of level
05:00 GMT - Under pressure, as prices extend losses from the 96.6700 high through the 95.5000 support. Negative daily studies and bearish divergence on weekly chart suggest room for deeper pullback to retrace strong gains from the 94.1500 June low. Lower will see extension to support at the 95.0000/94.9000 area. Below the latter will return focus to the 94.1500, June low. Meanwhile, resistance remains at the 95.8500/96.0000 congestion area which should cap and sustain losses from the 96.6700 high of 24 July.