Published: 2024-11-28T03:10:36.000Z
Chart USD/IDR Updates: Turning down from the 15952 high
Technical Analyst
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Turning lower in consolidation from the 15952 high as break of the 15860 support opens up deeper pullback to retrace the bullish run-up from the 15600 November low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16094 | ** | Jul low | S1 | 15800 | * | congestion | |
| R3 | 16000 | * | figure, congestion | S2 | 15776 | * | 29 Oct high | |
| R2 | 15952 | * | 21 Nov high | S3 | 15694 | ** | 7 Oct high | |
| R1 | 15900 | * | figure | S4 | 15600 | * | congestion, 8 Nov low |
Asterisk denotes strength of level
03:10 GMT - Turning lower in consolidation from the 15952 high as break of the 15860 support opens up deeper pullback to retrace the bullish run-up from the 15600 November low. Bearish divergence on the daily studies and the rising wedge pattern caution corrective pullback to the 15800/15776 support. Break here will open up deeper pullback to the strong support at the 15694 and 15600. Meanwhile, resistance is lowered to the 15900 level and this is expected to cap and sustain losses from the 15944/15952 highs.