Published: 2025-08-04T05:38:52.000Z
Chart USD/IDR Updates: Sharp pullback from the 14195 resistance
Technical Analyst
1
Under pressure as prices turned sharply lower from the 16495, June high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16335 | ** | 17 Jul high | |
| R3 | 16675 | * | May high | S2 | 16300 | * | congestion | |
| R2 | 16600 | * | congestion | S3 | 16273 | * | 24 Jul low | |
| R1 | 16495 | ** | Jun high | S4 | 16200 | * | congestion |
Asterisk denotes strength of level
05:35 GMT - Under pressure as prices turned sharply lower from the 16495, June high. Daily studies are unwinding overbought readings and break of the 16400 congestion opens up room for deeper pullback to the 16335/16300 congestion area and 16273 support. Below these will return focus to the 16200 congestion and 16180/16159, July/May lows. Break here will further retrace the strong September/April gains. Meanwhile, resistance at 16490/16495 highs are expected to cap.