Published: 2025-06-27T03:09:09.000Z
Chart USD/IDR Updates: Focus return to 16159, May low
Technical Analyst
1
Extending pullback from the 16495 high through the 16300 congestion to return focus to the 16159, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16200 | congestion | ||
| R3 | 16495 | ** | 23 Jun high | S2 | 16159 | ** | May low | |
| R2 | 16400 | * | congestion | S3 | 16124 | * | 7 Jan YTD low | |
| R1 | 16300 | * | congestion | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
03:10 GMT - Extending pullback from the 16495 high through the 16300 congestion to return focus to the 16159, May low. Daily studies are tracking lower from overbought areas and see risk for break here to expose the May low at 16159 to retest. Below these will confirm a top in place at the 16970 high and see deeper pullback to retrace the September/April rally to nearby support at 16124 and 16059. Lower still will see room to 16000 level and 50% Fibonacci level. Meanwhile, resistance is lowered to 16300 congestion which is expected to cap and sustain losses from the 16475/16495 highs.