Published: 2025-07-28T06:23:22.000Z
Chart USD/IDR Updates: Extending corrective bounce from 16180 low
Technical Analyst
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Consolidation around 16300 level has given way for retest of the 16335 high to extend gains from the 16180 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16250 | * | 9 Jul high | |
| R3 | 16495 | ** | Jun high | S2 | 16159 | ** | May low | |
| R2 | 16400 | * | congestion | S3 | 16059 | * | 31 Dec low | |
| R1 | 16335 | 17 Jul high | S4 | 16000 | * | 50% Sep/Apr rally |
Asterisk denotes strength of level
06:20 GMT - Consolidation around 16300 level has given way for retest of the 16335 high to extend gains from the 16180 low. Higher will see room for stronger gains to congestion at 16400. Beyond this will expose the June high at 16495 retest. Corrective gains are expected to give way to fresh selling pressure later. Meanwhile, support remains at the 16250 previous high which should underpin. Only below here will return focus to the 16180 and 16159 lows and see room to extend losses to 16059 support then the 16000 level and 50% Fibonacci level.