Published: 2025-11-03T05:45:10.000Z
Chart USD/IDR Updates: Extending gains
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Consolidation above the 16600 level see pressure returning to the upside to retest 16640 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16800 | * | congestion | S1 | 16600 | * | congestion | |
| R3 | 16770 | ** | 26 Sep high | S2 | 16525 | * | 9 Oct low | |
| R2 | 16700 | * | figure | S3 | 16495 | ** | Jun high | |
| R1 | 16640 | * | 23 Oct high | S4 | 16355/350 | * | 61.8%, congestion |
Asterisk denotes strength of level
05:35 GMT - Consolidation above the 16600 level see pressure returning to the upside to retest 16640 high. Break here will see room to retest the 16700/16730 area and 16770 high of September. Clearing here will extend the broader gains from the 16100 August low and see room to 16800 congestion and 16885 resistance. Meanwhile, support is at 16600 congestion which should underpin. Would take break here to open up room for deeper pullback to 16525 the October low and strong support at the 16495, June-August range highs.