Published: 2025-07-14T03:44:58.000Z
Chart USD/IDR Updates: Extend consolidation at 16200
Technical Analyst
2
Extending consolidation around the 16200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16159 | ** | May low | |
| R3 | 16495 | ** | Jun high | S2 | 16059 | * | 31 Dec low | |
| R2 | 16400 | * | congestion | S3 | 16000 | * | 50% Sep/Apr rally | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | 4 Dec high |
Asterisk denotes strength of level
03:40 GMT - Extending consolidation around the 16200 level with the resulting flag pattern suggesting risk for break lower to extend losses from the 16495, June high. Below the 16180 and 16159 lows will confirm a broad 6-month top pattern at the 16970 April high and further retrace the September/April rally. Lower will see room for extension to 16059 support then the 16000 level and 50% Fibonacci level. Meanwhile, resistance at the 16300 congestion is expected to cap and sustain losses from the 16495 high.