Published: 2025-05-05T03:10:23.000Z
Chart USD/IDR Updates: Extending losses
Technical Analyst
1
Break of the 16400 level see prices extending steep losses last week following break of the 16730 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16304 | * | Dec high | |
| R3 | 16600 | * | congestion | S2 | 16259 | * | Mar low | |
| R2 | 16500 | * | congestion | S3 | 16200 | * | congestion | |
| R1 | 16475 | ** | Jun 2024 year high | S4 | 16149 | * | 24 Jan low |
Asterisk denotes strength of level
03:00 GMT - Break of the 16400 level see prices extending steep losses last week following break of the 16730 support. Lower will see room to the 16304 and 16259 support as prices retrace the strong September/April rally. Lower still will see room to the 16200 congestion and 16169/16149 area. Oversold daily studies caution corrective bounce but the upside likely to remain limited with resistance at the 16475/16500 area expected to cap. Only above here will see room for stronger corrective bounce to the 16600 congestion area.