Published: 2025-01-23T03:28:53.000Z
Chart USD/IDR Updates: Extending pullback from 16384 high
Technical Analyst
1
Leaning lower from the 16384 high with break of the 16300 level extending losses to the 16259 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16560 | * | 6 Apr 2020 high | S1 | 16259 | * | 2 Jan high | |
| R3 | 16474 | ** | Jun 2024 year high | S2 | 16200 | * | congestion | |
| R2 | 16400 | * | congestion | S3 | 16124 | * | 7 Jan low | |
| R1 | 16384 | ** | 16 Jan YTD high | S4 | 16059 | ** | 31 Dec low |
Asterisk denotes strength of level
03:25 GMT - Leaning lower from the 16384 high with break of the 16300 level extending losses to the 16259 support. Daily studies have turned lower from overbought areas and see scope for break here to open up deeper pullback to retrace gains from the September low. Below this will see room to the 16200 congestion and where break will turn focus to the strong support at the 16124 and 16059, higher lows. Meanwhile, the 16384 high expected to cap. Clearance here, if seen, will open up room to 16400 congestion then the 16474, the 2024 year high.