Published: 2026-07-23T03:47:52.000Z
Chart USD/IDR Updates: Consolidating at 17900, but still heavy
2
Consolidating at the 17880 low but pressure remains on the downside and see scope for break to extend pullback from the 18126 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18200 | projection | S1 | 17845 | * | 29 Jun low | ||
| R3 | 18180 | ** | 8 Jun all-time high | S2 | 17800 | * | congestion | |
| R2 | 18126 | * | 13 Jul high | S3 | 17690 | ** | 15 Jun low | |
| R1 | 18000 | * | congestion | S4 | 17600 | 20 May low |
Asterisk denotes strength of level
04:00 GMT - Consolidating at the 17880 low but pressure remains on the downside and see scope for break to extend pullback from the 18126 high. Lower will see deeper pullback to retrace strong gains from the 17690 June low to support at the 17845/17800 area. Below this will threaten retest of the 17690 low and extend the broader losses from the 18180 all-time high to correct strong gains from August 2025 year low. Meanwhile, resistance at the 18000 congestion and extending to the 18126 high are expected to cap any corrective bounce.