Published: 2025-07-17T05:38:39.000Z
Chart USD/IDR Updates: Extending bounce from 16180 low
Technical Analyst
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Turned higher to extend gains from the 16180 low as prices retrace losses from the 16495, June swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16250 | * | 9 Jul high | |
| R3 | 16495 | ** | Jun high | S2 | 16159 | ** | May low | |
| R2 | 16400 | * | congestion | S3 | 16059 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 16000 | * | 50% Sep/Apr rally |
Asterisk denotes strength of level
05:30 GMT - Turned higher to extend gains from the 16180 low as prices retrace losses from the 16495, June swing high. Above the 16300 level see room for stronger gains to congestion at 16400. Beyond this will expose the 16495 high to retest. Gains are seen corrective and while the latter caps this is expected to give way to fresh selling pressure later. Meanwhile, support is raised to the 16250 high of last week. Below this will expose the 16180 and 16159 lows to retest. Lower will see room for extension to 16059 support then the 16000 level and 50% Fibonacci level.