Published: 2025-07-10T05:22:38.000Z
Chart USD/IDR Updates: Consolidating, room for lower later
Technical Analyst
1
Little change, as prices extend consolidation above support at the 16159, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16159 | ** | May low | |
| R3 | 16495 | ** | Jun high | S2 | 16059 | * | 31 Dec low | |
| R2 | 16400 | * | congestion | S3 | 16000 | * | 50% Sep/Apr rally | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | 4 Dec high |
Asterisk denotes strength of level
05:15 GMT - Little change, as prices extend consolidation above support at the 16159, May low. The resulting flag pattern highlights risk for break here to extend losses from the 16495, June high. Break will confirm a broad 6-month top pattern at the 16970 April high and further retrace the September/April rally. Lower will see extension to 16059 support then the 16000 level and 50% Fibonacci level. Meanwhile, resistance at the 16300/16400 congestion area is expected to cap and sustain losses from the 16495 high.