Published: 2025-06-20T03:14:34.000Z
Chart USD/IDR Updates: Extend corrective bounce
Technical Analyst
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Break above the 16300 resistance extend gains from the 16159 May low to reach resistance at the 16400 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16600 | * | congestion | S1 | 16300 | ** | congestion | |
| R3 | 16584 | ** | 14 May high | S2 | 16225 | * | 12 Jun low | |
| R2 | 16475 | * | Jun 2024 year high | S3 | 16159 | ** | 26 May low | |
| R1 | 16400 | * | congestion | S4 | 16124 | * | 7 Jan YTD low |
Asterisk denotes strength of level
03:10 GMT - Break above the 16300 resistance extend gains from the 16159 May low to reach resistance at the 16400 level. Higher will see room for stronger gains to retrace the April/May losses to the strong resistance at 16475, the 2024 year high. This is expected to cap and give way to renewed selling pressure. Meanwhile, support is raised to the 16300 congestion which should underpin. Break here will return focus to the downside for retest of the 16225 and 16159 lows. Break of these will extend losses from the April high and see room to 16124 and 16059 support..