Published: 2025-12-16T05:58:31.000Z
Chart USD/IDR Updates: Higher in consolidation from 16625 low
1
Little change, as prices extend consolidation above the 16625 low and unwind oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16885 | * | 23 Apr high | S1 | 16600 | * | congestion | |
| R3 | 16800 | * | congestion | S2 | 16525 | * | Oct low | |
| R2 | 16770/60 | ** | Sep, Nov highs | S3 | 16500 | ** | Jun high, congestion | |
| R1 | 16700 | * | congestion | S4 | 16400 | * | congestion |
Asterisk denotes strength of level
06:00 GMT - Little change, as prices extend consolidation above the 16625 low and unwind oversold daily studies. Bounce see resistance starting at the 16700 congestion. Break here is needed to expose the 16760 and 16770, November/September highs to retest. However, these are expected to cap and give way to fresh selling pressure later. Break of the 16625 support and the 16600 level will see room to retest strong support at 16525/16500, congestion and June high and further retrace August/September rally to the 16400 congestion.