Published: 2025-09-18T06:17:53.000Z
Chart USD/IDR Updates: Extending gains
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Consolidation above the 16350 support has given way to rebound to retest the 16490/16495, August/June highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16885 | * | 23 Apr high | S1 | 16350 | * | congestion | |
| R3 | 16730 | ** | 10 Apr low | S2 | 16250 | * | 25 Aug low | |
| R2 | 16600 | * | congestion | S3 | 16160 | * | May low, congestion | |
| R1 | 16490/95 | ** | 1 Aug, Jun highs | S4 | 16100 | ** | Aug low |
Asterisk denotes strength of level
06:10 GMT - Consolidation above the 16350 support has given way to rebound to retest the 16490/16495, August/June highs. Break here will extend gains from the 16100 August low to further retrace losses from the April current year high and see room to the 16600 congestion. Higher still will see room to the strong resistance at 16730. Meanwhile, support at the 16350 expected to underpin. Would take break here and the 16250 support to return focus to the downside for retest of the 16160 and 16100 lows.