Published: 2024-11-11T02:50:01.000Z
Chart USD/IDR Updates: Consolidating at 15600 support, room for lower later
Technical Analyst
4
Steadied at the 15600 support as prices consolidate sharp drop from the 15860 high and unwind the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 15900 | * | figure | S1 | 15600 | * | congestion | |
| R3 | 15860 | ** | 6 Nov high | S2 | 15500 | * | congestion | |
| R2 | 15776 | * | 29 Oct high | S3 | 15430 | ** | 21 Oct low | |
| R1 | 15680 | * | congestion | S4 | 15400 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Steadied at the 15600 support as prices consolidate sharp drop from the 15860 high and unwind the oversold intraday studies. However, this is expected to give way to break later to open up deeper losses to retrace gains from the September low. Break will see room to the 15500 level. Lower still will see room to strong support at the 15430 low and 15400 congestion. Meanwhile, resistance is lowered to the 15680/15700 congestion area and this is expected to cap and sustain losses from the 15860 high.