Published: 2025-08-07T04:45:36.000Z
Chart USD/IDR Updates: Extending rejection from 16495 resistance
Technical Analyst
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Extending rejection from retest of the June high at 16495 as prices unwind the overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16675 | * | May high | S1 | 16300 | * | congestion | |
| R3 | 16600 | * | congestion | S2 | 16273 | * | 24 Jul low | |
| R2 | 16495 | ** | Jun high | S3 | 16200 | * | congestion | |
| R1 | 16400 | * | congestion | S4 | 16160 | ** | May low |
Asterisk denotes strength of level
04:40 GMT - Extending rejection from retest of the June high at 16495 as prices unwind the overbought daily studies. Below the 16400 level see pressure returning to support at the 16335/16300 congestion area. Below this will see scope to the 16273 support and where break will return focus to the downside for retest of support at 16200 then the 16180/16160, July/May lows. Meanwhile, resistance is lowered to the 6400 congestion which is expected to cap and sustain pullback from the 16490/16495 highs.