Published: 2025-08-19T05:22:54.000Z
Chart USD/IDR Updates: Corrective bounce from 16095 low
Technical Analyst
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Turned up from 16095 current year low as prices unwind oversold daily studies and retrace losses from the 16490 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16490/95 | ** | 1 Aug, Jun highs | S1 | 16095 | * | 14 Aug YTD low | |
| R3 | 16400 | * | congestion | S2 | 16060 | * | 31 Dec low | |
| R2 | 16300 | * | congestion | S3 | 15970 | * | congestion | |
| R1 | 16243 | * | 11 Aug low | S4 | 15830 | * | Dec low |
Asterisk denotes strength of level
05:20 GMT - Turned up from 16095 current year low as prices unwind oversold daily studies and retrace losses from the 16490 high. Bounce see resistance at the 16200/16243 area and regaining this will open up room to the 16300 and 16400 congestion. Corrective gains are expected to give way to renewed selling pressure later. Below 16095 low will further retrace the September/April rally and see room to support at 16060 then the 16000 level. Below this will see extension to 15970 congestion and 15830, December low.