Chart USD/IDR Updates: Extend consolidation above 17880/17860 support
1
Edged up from the 17880/17860 support as prices consolidate pullback from the 18000 high
Levels
Imp
Comment
Levels
Imp
Comment
R4
18180
**
8 Jun YTD high
S1
17860
*
30 Sep low
R3
18126
**
13 Jul high
S2
17770
*
10 Aug low
R2
18090
*
28 Jul high
S3
17690
**
Jun low
R1
18000
**
figure
S4
17600
*
congesion
Asterisk denotes strength of level
05:00 GMT - Edged up from the 17880/17860 support as prices consolidate pullback from the 18000 high. However, the latter is expected to cap and see scope for break lower later to retrace strong gains from the 17500 September low. Lower will see room for extension to support at the 17800/17770 area. Below here will return focus to strong support at 17690, June low. Break of the latter will return focus to the downside for retest of the 17500 September low and threatens break to extend losses from the June hgh.