Published: 2024-12-10T02:49:53.000Z
Chart USD/IDR Updates: Under pressure, room to extend pullback from 15952/15969 highs
Technical Analyst
2
Prices remain under pressure to weigh on the 15840 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16129 | * | 5 Aug low | S1 | 15840 | * | 29 Nov low | |
| R3 | 16094 | ** | Jul low | S2 | 15800 | * | congestion | |
| R2 | 16000 | * | figure, congestion | S3 | 15776 | * | 29 Oct high | |
| R1 | 15952/69 | ** | Nov, 4 Dec highs | S4 | 15694 | ** | 7 Oct high |
Asterisk denotes strength of level
02:45 GMT - Prices remain under pressure to weigh on the 15840 support and break here will extend rejection from the 15952/15969 highs. Negative daily studies and bearish divergence highlights scope for break here to confirm a top at the latter and see deeper pullback to retrace rally from the September low. Lower will see room to the 15800 level and break here will open up lower support at the 15776 and 15694, previous highs. Meanwhile, resistance at the 15952 and 15969 highs are expected to cap. Clearance, if seen, will see potential to the 16000 level.