Published: 2025-07-31T04:33:14.000Z
Chart USD/IDR Updates: Extending gains, focus on 14195 swing high
Technical Analyst
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Follow-through above the 16400 level opens up room for retest of the June high at 16495
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16400 | * | congestion | |
| R3 | 16675 | * | May high | S2 | 16335 | ** | 17 Jul high | |
| R2 | 16600 | * | congestion | S3 | 16300 | * | congestion | |
| R1 | 16495 | ** | Jun high | S4 | 16273 | * | 24 Jul low |
Asterisk denotes strength of level
04:25 GMT - Follow-through above the 16400 level opens up room for retest of the June high at 16495. Overbought daily studies suggest reaction here likely but a latter break cannot be ruled out. Clearance will cconfirm a double bottomat the 16180/16159 lows and further retrace losses from the April high to 16600 level. Meanwhile, support is raised to the 16400 congestion which is expected to underpin. Below this will fade the upside pressure and see room for pullback to support at 16335/16300 congestion area.