Published: 2026-02-27T04:55:52.000Z
Chart USD/IDR Updates: Extending losses
2
Break of support at the 16800/16770 area see prices extending losses from the 16930 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16975 | ** | 20 Jan all-time high | S1 | 16705 | ** | 28 Jan YTD low | |
| R3 | 16930 | ** | 19 Feb high | S2 | 16625 | * | Dec low | |
| R2 | 16885 | * | 6 Feb high | S3 | 16600 | * | congestion | |
| R1 | 16800 | * | congestion | S4 | 16550 | congestion |
Asterisk denotes strength of level
04:50 GMT - Break of support at the 16800/16770 area see prices extending losses from the 16930 high of last week. Negative daily and weekly studies suggest room for extension to retest the 16705, January current year low. Below this will extend the January losses to retrace rally from the August low and see room to support at the 16625/16600 area. Lower still, will see room to 16550/16525 October low and 50% Fibonacci level. Meanwhile, resistance at the 16800 congestion is expected to cap and sustain losses from the 16930, 19 February bounce high.