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Published: 2025-10-01T05:14:41.000Z

Chart USD/IDR Updates: Room for deeper pullback from 16770 high

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1

Little change, as prices extend consolidation below the 16770 high of last week

 LevelsImpComment  LevelsImpComment
R416970**9 Apr all-time high S116600*congestion           
R316885*24 Apr high S216495**Jun high
R216800*congestion S316350*congestion
R116770**26 Sep high S416250*25 Aug low

Asterisk denotes strength of level

05:10 GMT - Little change, as prices extend consolidation below the 16770 high of last week. Daily studies are unwinding overbought readings and suggest room for pullback to retrace gains from the 16100, August low. Nearby see support starting at 16600 congestion. Would take break here to open up room to the strong support at the 16495, June-August range highs, which is expected to underpin. Break here will fade the upside pressure and further retrace gains from the 16100 low. Meanwhile, resistance at the 16770 high is expected to cap. 

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Topics
USD/IDR-TA
EM-Technical
Technical Analysis

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