Published: 2025-06-05T03:41:28.000Z
Chart USD/IDR Updates: Extend consolidation
Technical Analyst
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Little change, as prices extend consolidation at the 16300 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16149 | * | 24 Jan low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16124 | * | 7 Jan YTD low | |
| R2 | 16400 | * | congestion | S3 | 16059 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 16019 | * | 50% Sep/Apr rally |
Asterisk denotes strength of level
03:40 GMT - Little change, as prices extend consolidation at the 16300 level following bounce from 16169/16149 support. Prices are unwinding the oversold daily studies but corrective bounce expected to remain limited and giving way to renewed selling pressure later. Below 16149 support will see deeper pullback to retrace the September/April rally to retest 7 January YTD low at 16124. Lower still, will target the 16059 support and 16019, 50% Fibonacci level. Meanwhile, resistance remains at 16300 congestion, clearance will open up stronger bounce to 16400/16475 area.