Published: 2024-12-12T03:28:47.000Z
Chart USD/IDR Updates: Poised for retest of 15952/15969 highs
Technical Analyst
1
Turned higher from the 15840 support as prices unwind the oversold daily studies to approach the 15952/15969 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16129 | * | 5 Aug low | S1 | 15840 | * | 29 Nov low | |
| R3 | 16094/100 | ** | Jul low, congestion | S2 | 15800 | * | congestion | |
| R2 | 16000 | * | figure, congestion | S3 | 15776 | * | 29 Oct high | |
| R1 | 15952/69 | ** | Nov, 4 Dec highs | S4 | 15694 | ** | 7 Oct high |
Asterisk denotes strength of level
03:25 GMT - Turned higher from the 15840 support as prices unwind the oversold daily studies to approach the 15952/15969 highs. Break here will see potential to further retrace the June/September losses and see room to the 16000 level. Clearance here will see scope to the strong resistance at the 16094/16100, July low and congestion area. Meanwhile, support remains at the 15840 low which now underpin. Would take break here and the 15800 support to open up room for pullback to support at the 15776 and 15694, previous highs.