Published: 2025-08-29T05:08:35.000Z
Chart USD/IDR Updates: Consolidating retest of 16490/16495 highs
Technical Analyst
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Rally through resistance at the 16400 congestion has seen extension to retest the 16490/16495, 1 August and June highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16355 | * | 22 Aug high | |
| R3 | 16635 | * | 61.8% Apr/Aug fall | S2 | 16250 | * | 25 Aug low | |
| R2 | 16585 | * | 14 May high | S3 | 16160 | * | May low, congestion | |
| R1 | 16490/95 | ** | 1 Aug, Jun highs | S4 | 16095 | ** | 14 Aug YTD low |
Asterisk denotes strength of level
05:10 GMT - Rally through resistance at the 16400 congestion has seen extension to retest the 16490/16495, 1 August and June highs. Overbought daily studies suggest consolidation here likely but a later break cannot be ruled out. Clearance will further retrace the April/August losses and see room to the 16585 resistance and 16635, 61.8% Fibonacci level. However, corrective gains are expected to give way to renewed selling pressure later with support raised to the 16355/16250 area. Would take break here to return focus to the downside and expose support at 16160 and 16095 lows to retest.