Published: 2025-02-21T04:28:56.000Z
Chart USD/IDR Updates: Leaning lower in consolidation
Technical Analyst
1
Leaning lower from the 16370 high to retest the 16269 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16474 | ** | Jun 2024 year high | S1 | 16269 | * | 6 Feb low | |
| R3 | 16470 | ** | 3 Feb YTD high | S2 | 16169 | ** | 17 Feb low | |
| R2 | 16400 | * | figure | S3 | 16149 | * | 24 Jan low | |
| R1 | 16384 | ** | Jan high | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
04:20 GMT - Leaning lower from the 16370 high to retest the 16269 support. Daily studies have turned mixed at overbought areas and suggest room for deeper pullback to the strong support at the 16200/16169 area. Break of the latter will confirm a top in place at the 16470 high and turn focus lower to retrace rally from the September low. Lower will see room to support at the 16149 and 16059 higher lows. Meanwhile, resistance at the 16370/16384 highs now expected to cap and sustain losses from the 16370 high.