Published: 2025-03-14T02:36:04.000Z
Chart USD/IDR Updates: Extend consolidation below 16470/16474 resistance
Technical Analyst
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Little change, as prices extend consolidation below strong resistance at the 16470/16474, February and 2024 year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16800 | ** | Jun 1998 all-time high | S1 | 16384 | * | Jan high | |
| R3 | 16625 | ** | Mar 2020 year high | S2 | 16269 | * | 24 Feb low | |
| R2 | 16590 | ** | 28 Feb YTD high | S3 | 16169 | ** | 17 Feb low | |
| R1 | 16474 | * | Jun 2024 year high | S4 | 16149 | * | 24 Jan low |
Asterisk denotes strength of level
02:40 GMT - Little change, as prices extend consolidation below strong resistance at the 16470/16474, February and 2024 year high. Bullish structure suggest scope for break here to return focus to the 28 February YTD high at 16590. Clearance here, but not expected, will extend the underlying bull trend from the 2021 year low. Meanwhile, support is raised to 16384 then the 16269 higher low which should underpin. Would take break here to open up room for deeper pullback to the strong support at the 16169/16149 higher lows.