Published: 2025-08-08T03:48:38.000Z
Chart USD/IDR Updates: Weighing on 16300 support
Technical Analyst
6
Consolidating test of the 16300 support but pressure remains firmly on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16675 | * | May high | S1 | 16300 | * | congestion | |
| R3 | 16600 | * | congestion | S2 | 16273 | * | 24 Jul low | |
| R2 | 16495 | ** | Jun high | S3 | 16200 | * | congestion | |
| R1 | 16400 | * | congestion | S4 | 16160 | ** | May low |
Asterisk denotes strength of level
03:45 GMT - Consolidating test of the 16300 support but pressure remains firmly on the downside following rejection from the 16495 high. Below this will see scope to the 16273 support and where break will open up room for retest of support at 16200 then the 16180/16160, July/May lows. Below here will see room to further retrace September/April rally. Meanwhile, resistance is lowered to the 6400 congestion which is expected to cap and sustain pullback from the 16490/16495 highs.