Published: 2025-06-10T03:05:09.000Z
Chart USD/IDR Updates: Extend consolidation below 16300
Technical Analyst
2
Little change, as prices extend consolidation below 16300
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16149 | * | 24 Jan low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16124 | * | 7 Jan YTD low | |
| R2 | 16400 | * | congestion | S3 | 16059 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 16019 | * | 50% Sep/Apr rally |
Asterisk denotes strength of level
03:05 GMT - Little change, as prices extend consolidation below 16300 following bounce from 16169/16149 support. Daily studies have turned mixed but a stronger corrective bounce cannot be ruled out. Above 16300 will open up room for stronger gains to retrace losses from the 16970 April YTD high to the 16400/16475 area. Corrective gains are expected to give way to renewed selling pressure later. Below 16149 support will see deeper pullback to retrace the September/April rally to retest 7 January YTD low at 16124. Lower still, will target the 16059 support and 16019, 50% Fibonacci level.