Published: 2026-07-02T05:13:45.000Z
Chart USD/IDR Updates: Retracing June losses
-
Edging higher as prices extend bounce from the 17690 June low towards the 18000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18470 | projection | S1 | 17800 | * | congestion | ||
| R3 | 18200 | congestion | S2 | 17690 | ** | 15 Jun low | ||
| R2 | 18180 | ** | 8 Jun all-time high | S3 | 17600 | * | 38.2% Jan/Jun rally | |
| R1 | 18000 | * | congestion | S4 | 17520 | * | 12 May high |
Asterisk denotes strength of level
05:00 GMT - Edging higher as prices extend bounce from the 17690 June low towards the 18000 level. Overbought daily studies and weekly studies suggest bounce giving way to renewed selling pressure later. Below the 17800 support will return focus to the downside for retest of the 17690 June low and see deeper pullback to retrace strong gains from the 16705 January low. Lower will see scope to support at 17600, 38.2% Fibonacci retracement. Meanwhile, break above the 18000 resistance will return focus to the 18180 all-time high.