Chart USD/IDR Updates: Extend consolidation below 18183 all-time high
Little change, as prices stays just below the 18183 all-time high to consolidate strong gains from the 17500 September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18550 | projection | S1 | 18000 | ** | Sep high | ||
| R3 | 18500 | figure | S2 | 17900 | * | congestion | ||
| R2 | 18300 | projection | S3 | 17860 | * | 30 Sep low | ||
| R1 | 18183 | ** | 28 Oct all-time high | S4 | 17770 | * | 10 Aug low |
Asterisk denotes strength of level
05:30 GMT - Little change, as prices stays just below the 18183 all-time high to consolidate strong gains from the 17500 September low. Daily studies are stretched but bullish prices action from the latter suggest scope for break to extend the underlying bull trend. Clearance will see room to Fibonacci extension targets at 18300 and the 18500/18550 area. Meanwhile, support remains at the 18000 figure and September high which should underpin. Below the latter will ease the upside pressure and see room for deeper pullback to retrace strong gains from the 17500 Spetember low to the 17900/17860 area.