Published: 2025-08-21T06:20:17.000Z
Chart USD/IDR Updates: Corrective bounce expected to give way to selling pressure
Technical Analyst
1
Break above the 16200/16243 resistance see prices extending bounce from the 16095 current year high to approach strong resistance at the 16300
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | * | 14 May high | S1 | 16160 | * | May low | |
| R3 | 16490/95 | ** | 1 Aug, Jun highs | S2 | 16095 | ** | 14 Aug YTD low | |
| R2 | 16400 | * | congestion | S3 | 16060 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | congestion |
Asterisk denotes strength of level
06:15 GMT - Break above the 16200/16243 resistance see prices extending bounce from the 16095 current year high to approach strong resistance at the 16300. Clearance here, will see room to extend corrective gains to 16400 level. However, corrective gains are expected to give way to renewed selling pressure later. Below the 16160 support will expose the 16095 low to retest. Break here will further retrace the September/April rally and see room to support at 16060 then the 16000 level.