Published: 2024-11-29T03:00:41.000Z
Chart USD/IDR Updates: Edging lower from the 15952 high
Technical Analyst
1
Edging lower from the 15952 high with break of the 15860 support retracing bullish run-up from the 15600 November low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16094 | ** | Jul low | S1 | 15800 | * | congestion | |
| R3 | 16000 | * | figure, congestion | S2 | 15776 | * | 29 Oct high | |
| R2 | 15952 | * | 21 Nov high | S3 | 15694 | ** | 7 Oct high | |
| R1 | 15900 | * | figure | S4 | 15600 | * | congestion, 8 Nov low |
Asterisk denotes strength of level
02:30 GMT - Edging lower from the 15952 high with break of the 15860 support opening up deeper pullback to retrace the bullish run-up from the 15600 November low. Negative the daily studies weighs and see room for deeper pullback within the rising wedge pattern. Lower will see room to the 15800/15776 support. Break here will trigger further losses to the strong support at the 15694/15600 area. Meanwhile, resistance remains at the 15900 level and this is expected to cap and sustain losses from the 15944/15952 highs.