Published: 2026-05-21T04:04:47.000Z
Chart USD/IDR Updates: Consolidating below 17729 historic high
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Extend consolidation below the 17729 historic high but bullish structure keep pressure on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18500 | figure | S1 | 17600 | congestion | |||
| R3 | 18000 | ** | figure | S2 | 17520 | * | 12 May high | |
| R2 | 17800 | projection | S3 | 17437 | * | 5 May high | ||
| R1 | 17729 | ** | 19 May all-time high | S4 | 17300 | * | 23 Apr high |
Asterisk denotes strength of level
04:00 GMT - Extend consolidation below the 17729 historic high but bullish structure keep pressure on the upside. Overbought daily and weekly studies caution corrective pullback but further gains cannot be ruled out to further extend parabolic gains from the 16705 January current year low. Higher will see room to 17800 projection targets then the 18000 figure where reaction can be expected. Meanwhile, support is raised to the 17600 level which extend to 17520 high of last week. Would take break here to ease the upside pressure and see room for deeper corrective pullback.