Published: 2024-12-03T05:35:48.000Z
Chart USD/IDR Updates: Room to extend gains
Technical Analyst
3
Rebound from the 15840 low see pressure returning to the upside for retest of the 15952 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16129 | * | 5 Aug low | S1 | 15840 | * | 29 Nov low | |
| R3 | 16094 | ** | Jul low | S2 | 15800 | * | congestion | |
| R2 | 16000 | * | figure, congestion | S3 | 15776 | * | 29 Oct high | |
| R1 | 15952 | * | 21 Nov high | S4 | 15694 | ** | 7 Oct high |
Asterisk denotes strength of level
05:30 GMT - Rebound from the 15840 low see pressure returning to the upside for retest of the 15952 high. Break here will further extend gains from the September low and see room to the 16000 level. Clearance here will see potential to the strong resistance at the 16094, July low. However, divergence on the daily studies caution corrective pullback with support starting at 15840 and extending to the 15800 level. Below the latter will fade the upside pressure open up room for deeper pullback to support at the 15776 and 15694, previous highs.