Published: 2025-07-11T05:42:01.000Z
Chart USD/IDR Updates: Extend consolidation above 16180 low
Technical Analyst
-
Little change, as prices extend consolidation above the 16180 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16159 | ** | May low | |
| R3 | 16495 | ** | Jun high | S2 | 16059 | * | 31 Dec low | |
| R2 | 16400 | * | congestion | S3 | 16000 | * | 50% Sep/Apr rally | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | 4 Dec high |
Asterisk denotes strength of level
05:40 GMT - Little change, as prices extend consolidation above the 16180 low of last week. The resulting flag pattern suggest risk for break here to extend losses from the 16495, June high. Below the 16180 and 16159 lows will confirm a broad 6-month top pattern at the 16970 April high and further retrace the September/April rally. Lower will see room for extension to 16059 support then the 16000 level and 50% Fibonacci level. Meanwhile, resistance at the 16300/16400 congestion area is expected to cap and sustain losses from the 16495 high.