Published: 2025-10-16T04:16:10.000Z
Chart USD/IDR Updates: Consoldating above 16525 low
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Little change, as prices drift narrowly in consolidation above the 16525 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16800 | * | congestion | S1 | 16525 | * | 9 Oct low | |
| R3 | 16770 | ** | 26 Sep high | S2 | 16495 | ** | Jun high | |
| R2 | 16700 | * | figure | S3 | 16350 | * | congestion | |
| R1 | 16600 | * | congestion | S4 | 16250 | * | 25 Aug low |
Asterisk denotes strength of level
04:15 GMT - Little change, as prices drift narrowly in consolidation above the 16525 low of last week and unwind oversold daily studies. However, this is expected to give way to renewed selling pressure later and break here will see room to strong support at the 16495, June-August range highs. Negative weekly studies suggest scope for break here to see deeper pullback to retrace the August/September gains to the 16400/16350 area. Meanwhile, resistance at 16600 congestion is expected to cap and sustain losses from the 16770 high.