Published: 2025-05-06T03:09:09.000Z
Chart USD/IDR Updates: Consolidating losses to 16400
Technical Analyst
-
Limited on break of the 16400 level as prices unwind the oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16400 | * | congestion | |
| R3 | 16600 | * | congestion | S2 | 16304 | * | Dec high | |
| R2 | 16500 | * | congestion | S3 | 16259 | * | Mar low | |
| R1 | 16475 | ** | Jun 2024 year high | S4 | 16200 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Limited on break of the 16400 level as prices unwind the oversold intraday and daily studies. Bounce see resistance starting at 16475/16500 area which is expected to cap. Gains above here will open up room for stronger gains to the 16600 congestion area. Corrective bounce is expected to give wqay to fresh selling pressure later. Below 16400 will see deeper pullback to retrace the strong September/April rally and see room to the 16200 congestion and 16169/16149 area.