Chart USD/IDR Updates: Consolidation test of 17690 support
Limited on break of support at the 17690 June low as prices turned up from the 17685 low to unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18126 | ** | 13 Jun high | S1 | 17690 | ** | Jun low | |
| R3 | 18000 | * | congestion | S2 | 17600 | * | 20 May low | |
| R2 | 17880/900 | ** | Jul low, congestion | S3 | 17520 | * | 12 May high | |
| R1 | 17770 | * | 10 Aug low | S4 | 17385 | * | 38.2% 2025/2026 rally |
Asterisk denotes strength of level
04:25 GMT - Limited on break of support at the 17690 June low as prices turned up from the 17685 low to unwind oversold intraday and daily studies. Consolidation see resistance starting at the 17770/17800 area where break is needed to open up room for stronger bounce to the 17880/17900 July lows turned resistance. The latter is expected to cap and give way to renewed selling pressure later. Close below 17690/17685 support will see room for deeper pullback to retrace gains from the August 2025 year low to support at the 17600/17520 area. Lower still, see extension to 17385, 38.2% Fibonacci level.