Published: 2024-11-07T03:28:39.000Z
Chart USD/IDR Updates: Lower in consolidation
Technical Analyst
2
No follow-through on break above resistance at the 15829
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 15964 | ** | Oct 2023 year high | S1 | 15747 | * | 16 Aug high | |
| R3 | 15940 | ** | 61.8% Jun/Sep fall | S2 | 15694 | * | 7 Oct high | |
| R2 | 15900 | * | figure | S3 | 15680 | ** | 31 Oct low | |
| R1 | 15859 | * | 6 Nov high | S4 | 15600 | * | congestion |
Asterisk denotes strength of level
03:20 GMT - No follow-through on break above resistance at the 15829, low of 13 August. Pullback from the 15859 high see prices unwinding overbought intraday studies but further gains not ruled out later. Higher will see scope for retrace the June/September losses and see room to the 15900 figure then the 15940, 61.8% Fibonacci level. Meanwhile, support is at the 15747 recent highs then the 15694/15680 area. The latter is expected to underpin which break will fade the upside pressure and see room for deeper pullback to the 15600 congestion.