Published: 2025-05-22T03:34:31.000Z
Chart USD/IDR Updates: Extending losses
Technical Analyst
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Sharply lower to reach support at 16300 congestion following break of 16400/16379 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16300 | * | congestion | |
| R3 | 16584/600 | ** | 14 May high, congestion | S2 | 16259 | * | Mar low | |
| R2 | 16475 | * | Jun 2024 year high | S3 | 16200 | * | congestion | |
| R1 | 16400 | * | congestion | S4 | 16149 | * | 24 Jan low |
Asterisk denotes strength of level
03:25 GMT - Sharply lower to reach support at 16300 congestion following break of 16400/16379 support. Negative daily and weekly studies suggest consolidation here to give way to fresh selling pressure later to open up deeper pullback to retrace the September/April rally to the 16259/16200 congestion area. Lower still, will see room to support at the 16169/16149 area and 16090, January YTD low. Meanwhile, resistance is lowered to the 16400 congestion which is expected to cap and sustain rejection from the 16584.00 high of last week.