Published: 2025-06-16T03:12:51.000Z
Chart USD/IDR Updates: Higher in consolidation from 1659 low
Technical Analyst
6
Bounce from the 16225 low see price poised for retest of the 16300 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16225 | * | 12 Jun low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16159 | ** | 26 May YTD low | |
| R2 | 16400 | * | congestion | S3 | 16124 | * | 7 Jan YTD low | |
| R1 | 16300 | * | congestion | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
03:10 GMT - Bounce from the 16225 low see price poised for retest of the 16300 resistance. Positive daily studies suggest scope for break here to extend bounce from 16159, 26 May YTD low. Higher will see room to retrace losses from the April YTD high at 16970 to strong resistance at the 16400/16475, congestion and 2024 year high, which is expected to cap. Corrective gains seen giving way to renewed selling pressure later for retest of the 16225 and 16159 lows. Break here will extend losses from the April high and see room to 16124 and 16059 support..