Chart USD/IDR Updates: Extending gains
Consolidation at the 17690/17700 area has given way to break to extend gains from the 17500 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18090 | * | 28 Jul high | S1 | 17600 | * | congestion | |
| R3 | 18000 | * | figure | S2 | 17500 | * | 9 Sep low | |
| R2 | 17880/900 | ** | Jul low, congestion | S3 | 17450 | * | congestion | |
| R1 | 17770 | * | 10 Aug low | S4 | 17385 | * | 38.2% 2025/2026 rally |
Asterisk denotes strength of level
04:30 GMT - Consolidation at the 17690/17700 area has given way to break to extend gains from the 17500 low of last week. Break see room for stronger gains to retrace losses from the 18126 July swing high to the 17770/17800 area. Higher still, if seen, will turn focus to strong resistance at 17880 July low which is expected to cap and corrective gains expected to give way to fresh selling pressure. Meanwhile, support is raised to 17600 congestion. Below here and the 17500 low will extend the June losses and retrace rally from the August 2025 year low. Lower will see room to 17450 congestion then 17385, 38.2% Fibonacci level.