Published: 2025-06-30T03:00:46.000Z
Chart USD/IDR Updates: Focus on 16159, May low
Technical Analyst
1
Under pressure as prices extend pullback from the 16495 high through the 16300 congestion to return focus to the 16159, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16200 | congestion | ||
| R3 | 16495 | ** | 23 Jun high | S2 | 16159 | ** | May low | |
| R2 | 16400 | * | congestion | S3 | 16124 | * | 7 Jan YTD low | |
| R1 | 16300 | * | congestion | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
03:00 GMT - Under pressure as prices extend pullback from the 16495 high through the 16300 congestion to return focus to the 16159, May low. Daily studies are tracking lower from overbought areas and see risk for break here to confirm a top in place at the April high at 16970 and see deeper pullback to retrace the September/April rally. Nearby see support at 16124 and 16059 and break of these will see room to 16000 level and 50% Fibonacci level. Meanwhile, resistance is lowered to 16300 congestion which is expected to cap and sustain losses from the 16475/16495 highs.