Published: 2024-11-27T03:05:01.000Z
Chart USD/IDR Updates: Poised for retest of 15944/15952 highs
Technical Analyst
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Rebound at the 15860 support see prices sustaining the bullish run-up from the 15600 November low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16129 | * | 5 Aug low | S1 | 15860 | * | 6 Nov high | |
| R3 | 16094 | ** | Jul low | S2 | 15800 | * | congestion | |
| R2 | 16000 | * | figure, congestion | S3 | 15694 | ** | 7 Oct high | |
| R1 | 15952 | * | 21 Nov high | S4 | 15600 | * | congestion, 8 Nov low |
Asterisk denotes strength of level
03:00 GMT - Rebound at the 15860 support see prices sustaining the bullish run-up from the 15600 November low and keeping pressure on the upside. Above the 15944/15952 highs will see room for extension to the 16000 level then the strong resistance at the 16094, July low. However, bearish divergence on the daily studies and the rising wedge pattern caution corrective pullback. Meanwhile, support at the 15860/15800 congestion now underpin and break here is needed to open up deeper pullback to the strong support at the 15694 and 15600.