Published: 2024-11-04T04:09:14.000Z
Chart USD/IDR Updates: Still supported above 15680
Technical Analyst
1
Turned higher from the 15680 support and bounce see room for retest of the 15776, October high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 15940 | ** | 61.8% Jun/Sep fall | S1 | 15680 | * | 31 Oct low | |
| R3 | 15900 | figure | S2 | 15600 | * | congestion | ||
| R2 | 15829 | ** | 13 Aug low, gap high | S3 | 15500 | * | congestion | |
| R1 | 15776 | * | 29 Oct high | S4 | 15430 | ** | 21 Oct low |
Asterisk denotes strength of level
04:00 GMT - Turned higher from the 15680 support and bounce see room for retest of the 15776, October high. Above the latter will see room to fill the gap at the 15829 low of 13 August. However, overbought daily studies caution corrective pullback to retest the 15680 support. Below here will eased the upside pressure and open up congestion support at 15600/15500 area. Meanwhile, a close above 15829 will open up further gains to retrace the June/September losses and see room to the 15900 figure. Higher still will see scope to 15940, 61.8% Fibonacci level.