Published: 2025-07-02T04:45:24.000Z
Chart USD/IDR Updates: Consolidating above 16159 support
Technical Analyst
-
Limited on break of the 16200 level as prices turned up in consolidation above the 16159, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16159 | ** | May low | |
| R3 | 16495 | ** | 23 Jun high | S2 | 16059 | * | 31 Dec low | |
| R2 | 16400 | * | congestion | S3 | 16000 | * | 50% Sep/Apr rally | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | 4 Dec high |
Asterisk denotes strength of level
04:45 GMT - Limited on break of the 16200 level as prices turned up in consolidation above the 16159, May low. Negative daily studies seen weighing and break here will confirm a top in place at the 16970, April high, and further extend losses to retrace the September/April rally. Lower will see extension to 16059 support then the 16000 level and 50% Fibonacci level. Meanwhile, resistance is at the 16300 congestion which is expected to cap and sustain losses from the 16475/16495 highs.