Published: 2026-02-23T05:32:02.000Z
Chart USD/IDR Updates: Down to pressure 16800/16770 support
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Consolidation below resistance at the 16885 congestion has given way to sharp pullback to pressure strong support at the 16800/16770
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17050 | * | extension | S1 | 16770 | * | Sep high | |
| R3 | 16975 | ** | 20 Jan all-time high | S2 | 16705 | ** | 28 Jan YTD low | |
| R2 | 16930 | * | 19 Feb high | S3 | 16625 | * | 2 Dec low | |
| R1 | 16885 | * | 6 Feb high | S4 | 16600 | * | congestion |
Asterisk denotes strength of level
05:25 GMT - Consolidation below resistance at the 16885 congestion has given way to sharp pullback to pressure strong support at the 16800/16770 congestion and September high. Negative daily and weekly studies suggest scope for break here to open up room for retest of the 16705, January current year low. Break here will see room for deeper pullback to retrace the August/January gains to support at the 16625/16600 area. Meanwhile, resistance is lowered to the 16885/16930 congestion which is expected to cap.