Published: 2025-05-26T03:33:12.000Z
Chart USD/IDR Updates: Extending losses
Technical Analyst
2
Prices remain under pressure to extend losses from the current April year high at 16970 to reach support at the 16169/16149
| 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
03:30 GMT - Prices remain under pressure to extend losses from the current April year high at 16970 to reach support at the 16169/16149, February and 24 January lows. Below these will see room for deeper retracement of 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 is lowered to the 16300 congestion which is expected to cap and sustain losses from the 16584.00, 14 May high.