Published: 2026-05-20T05:41:35.000Z
Chart USD/IDR Updates: Extend parabolic gains
2
Settled back in consolidation from 19 May fresh historic high at 17710
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18500 | figure | S1 | 17600 | congestion | |||
| R3 | 18000 | ** | figure | S2 | 17520 | * | 12 May high | |
| R2 | 17800 | projection | S3 | 17437 | * | 5 May high | ||
| R1 | 17729 | ** | 19 May all-time high | S4 | 17300 | * | 23 Apr high |
Asterisk denotes strength of level
05:40 GMT - Settled back in consolidation from 19 May fresh historic high at 17710. Bullish structure keep focus firmly on the upside to extend parabolic gains from the 16705 January year low. Higher will see room to 17800 projection targets then the 18000 figure. Would expect reaction at the latter as daily and weekly studies extend into overbought areas and caution corrective pullback. Meanwhile, support is raised to the 17600 level which extend to 17520 high of last week. Would take break here to ease the upside pressure and see room for deeper corrective pullback.