Published: 2026-06-03T05:55:35.000Z
Chart USD/IDR Updates: Break to fresh historic high
-
Consolidation below 17880 high of last week has given way to break to reach fresh historic high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18500 | projection | S1 | 17840 | 2 Jun low | |||
| R3 | 18150 | projection | S2 | 17730 | * | 19 May high | ||
| R2 | 18000 | ** | figure | S3 | 17600 | * | congestion | |
| R1 | 17920 | intraday high | S4 | 17520 | * | 12 May high |
Asterisk denotes strength of level
05:50 GMT - Consolidation below 17880 high of last week has given way to break to extend the underlying bull trend to reach fresh historic high at 17920. Higher still, will see scope for extension to the 18000 figure where reaction can be expected as daily and weekly studies stretched deep into overbought areas. Meanwhile, support is raised to the 17840/17800 area. Below here will ease the upside pressure and see room for deeper corrective pullback to retrace strong gains from the 16705 January low to support at the 17730/17600, 19 May high and congestion area.