Published: 2026-01-29T05:28:12.000Z
Chart USD/IDR Updates: Consolidating, room for lower later
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Turned up from above support at the 16700/16690 area as prices consolidate losses from the 16975 historic high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17050 | * | projection | S1 | 16690 | ** | 31 Dec low | |
| R3 | 16975 | ** | 20 Jan all-time high | S2 | 16640 | * | 38.2% Aug/Jan rally | |
| R2 | 16885 | * | 23 Apr high | S3 | 16600 | * | congestion | |
| R1 | 16800 | ** | congestion | S4 | 16525 | ** | Oct low |
Asterisk denotes strength of level
05:20 GMT - Turned up from above support at the 16700/16690 area as prices consolidate losses from the 16975 historic high and unwind oversold intraday and daily studies. Bounce see resistance at the 16770/16800, congestion area and September high. Corrective gains are expected to give way to renewed selling pressure later and see deeper pullback to retrace the August/January gains. Lower will see room for extension to the 16640, 38.2% Fibonacci level, and the strong support at 16625/16600, December low and congestion area.