Published: 2025-06-13T03:11:07.000Z
Chart USD/IDR Updates: Back to pressure 16300 resistance
Technical Analyst
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Bounce from the 16225 low see pressure returning to the 16300 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16225 | * | 12 Jun low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16159 | ** | 26 May YTD low | |
| R2 | 16400 | * | congestion | S3 | 16124 | * | 7 Jan YTD low | |
| R1 | 16300 | * | congestion | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
03:10 GMT - Bounce from the 16225 low see pressure returning to the 16300 resistance as prices unwind oversold intraday studies. Daily studies have turned positive and suggest scope for break here to extend bounce from 16159, 26 May YTD low. Higher will see room for stronger gains to retrace losses from the April YTD high at 16970 to strong resistance at the 16400/16475 congestion and 2024 year high. Corrective gains expected to give way to renewed selling pressure later for retest of the 16225 and 16159 low and extend losses from the April high.