Hi traders, is this consolidation building the base for the next push higher?
USDINR is showing a clear improvement on H4. After breaking away from the previous descending trendline, price formed a rounded base and has gradually reclaimed the Ichimoku Cloud. The latest consolidation around 95.60–95.75 suggests buyers are still holding their ground.
The area I’m watching is 95.30–95.48. If price pulls back into this zone and buyers defend it, I would continue to favor the upside toward:
🎯 Target: 96.27
I wouldn’t chase price while it is sitting in the middle of the current range. A controlled retest of the buy zone would offer a cleaner structure and better confirmation.
If H4 begins accepting price below 95.30, the bullish recovery loses quality and the setup should be reassessed.
AURICVERSE View: the important shift is not the small move higher — it’s that the previous bearish structure is no longer controlling price the same way. If 95.30–95.48 turns into a solid base, 96.27 remains the next level on my radar.
How are you reading this structure? Share your view below.
USDINR is showing a clear improvement on H4. After breaking away from the previous descending trendline, price formed a rounded base and has gradually reclaimed the Ichimoku Cloud. The latest consolidation around 95.60–95.75 suggests buyers are still holding their ground.The area I’m watching is 95.30–95.48. If price pulls back into this zone and buyers defend it, I would continue to favor the upside toward:
🎯 Target: 96.27
I wouldn’t chase price while it is sitting in the middle of the current range. A controlled retest of the buy zone would offer a cleaner structure and better confirmation.
If H4 begins accepting price below 95.30, the bullish recovery loses quality and the setup should be reassessed.
AURICVERSE View: the important shift is not the small move higher — it’s that the previous bearish structure is no longer controlling price the same way. If 95.30–95.48 turns into a solid base, 96.27 remains the next level on my radar.
How are you reading this structure? Share your view below.
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⚡ Follow AuricVerse_HQ beyond the chart.
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.