Published: 2025-05-28T04:50:56.000Z
Chart USD/IDR Updates: Higher in consolidating from 16169/16149 support
Technical Analyst
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Turned up from test of the 16169/16149 support as prices unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16149 | * | 24 Jan low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16124 | * | 7 Jan YTD low | |
| R2 | 16400 | * | congestion | S3 | 16059 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 16019 | * | 50% Sep/Apr rally |
Asterisk denotes strength of level
04:45 GMT - Turned up from test of the 16169/16149 support as prices unwind oversold intraday and daily studies. Bearish structure suggest consolidation to give way to renewed selling pressure later and break here will see room for deeper pullback to retrace the September/April rally. Break will see scope to retest 7 January YTD low at 16124. Lower still, will target the 16059 support and 16019, 50% Fibonacci level. Meanwhile, resistance is lowered to the 16300 congestion which is expected to cap. Clearance will open up stronger bounce to 16400/16475 area.