Published: 2026-07-16T04:55:33.000Z
Chart USD/IDR Updates: Leaning lower in consolidation
1
Settling back in consolidation from the 18126 high as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18470 | projection | S1 | 18000 | * | congestion | ||
| R3 | 18200 | projection | S2 | 17845 | * | 29 Jun low | ||
| R2 | 18180 | ** | 8 Jun all-time high | S3 | 17800 | * | congestion | |
| R1 | 18126 | * | 13 Jul high | S4 | 17690 | ** | 15 Jun low |
Asterisk denotes strength of level
04:50 GMT - Settling back in consolidation from the 18126 high as prices unwind overbought daily studies. Pullback see support starting at the 18000 level with divergence on weekly chart suggesting scope for break here to open up room for deeper pullback to retrace strong gains from the 17690 June low. Lower will see room to the 17845/17800 area. Below this will expose the 17690 low to retest and see scope to extend losses from the 18180 all-time high. Meanwhile, resistance at 18126 high is expected to cap any corrective bounce.