Chart USD/IDR Updates: Extending pullback from 18180 historic high
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Consolidation below the 18180 all-time high has given way to sharp pullback to break the 18000 level
Levels
Imp
Comment
Levels
Imp
Comment
R4
19000
projection
S1
17880
29 May high
R3
18500
projection
S2
17840
*
2 Jun low
R2
18200
projection
S3
17730
*
19 May high
R1
18180
**
8 Jun all-time high
S4
17600
*
congestion
Asterisk denotes strength of level
04:25 GMT - Consolidation below the 18180 all-time high has given way to sharp pullback to break the 18000 level. Break here suggest room for deeper pullback to unwind overbought daily studies and correct parabolic gains from the 16705, January current year low. Lower will see room to support at the 17880/17840 congestion area. Break here will open up room for deeper pullback to support at 17730 then the 17600/17500 congestion area. Meanwhile, resistance at the 18180 high now expected to cap.