Published: 2025-08-18T06:17:25.000Z
Chart USD/IDR Updates: Consolidating at 16100, fresh year low
Technical Analyst
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Little change, as prices steadied at the 16100 fresh year low to consolidate sharp drop from the 16490 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16490/95 | ** | 1 Aug, Jun highs | S1 | 16060 | * | 31 Dec low | |
| R3 | 16400 | * | congestion | S2 | 16020 | * | 50% Sep/Apr rally | |
| R2 | 16300 | * | congestion | S3 | 15970 | * | congestion | |
| R1 | 16243 | * | 11 Aug low | S4 | 15830 | * | Dec low |
Asterisk denotes strength of level
06:20 GMT - Little change, as prices steadied at the 16100 fresh year low to consolidate sharp drop from the 16490 high and unwind oversold intraday and daily studies. Bearish momentum suggest this giving way to further losses later to retrace the September/April rally. Lower will see room to support at 16060 then the 16020, 50% Fibonacci level. Below this will see room to support at 15970 congestion and 15830, December low. Meanwhile, resistance is lowered to the 16200/16243 area and extending to the 16300 congestion is expected to cap.