Published: 2025-08-27T04:30:06.000Z
Chart USD/IDR Updates: Consolidating test of 16355 high
Technical Analyst
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Consolidating test of the 16355 high of last week but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16585 | * | 14 May high | S1 | 16160 | * | May low | |
| R3 | 16490/95 | ** | 1 Aug, Jun highs | S2 | 16095 | ** | 14 Aug YTD low | |
| R2 | 16400 | * | congestion | S3 | 16060 | * | 31 Dec low | |
| R1 | 16355 | * | 22 Aug high | S4 | 15970 | * | congestion |
Asterisk denotes strength of level
04:30 GMT - Consolidating test of the 16355 high of last week but pressure remains on the upside. Break here will see room to resistance at the 16400 congestion then the 16490/16495 highs. Clearance here will further retrace the April/August losses and see room to the 16585/16600 area. Corrective gains are expected to give way to renewed selling pressure later and break of the 16200/16160 support will expose the 16095 low to retest. Below this will see deeper pullback to support at the 16000/15970 area.