Published: 2023-12-12T05:09:53.000Z
Chart USD/IDR Updates: Extending corrective gains
Technical Analyst
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| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 15850 | * | 24 Oct low | S1 | 15546 | 1 Dec high | ||
| R3 | 15740 | * | 10 Oct high | S2 | 15510 | * | 6 Nov low | |
| R2 | 15721 | * | 13 Nov high | S3 | 15428 | * | 4 Dec low | |
| R1 | 15683 | 13 Oct low | S4 | 15360 | * | 29 Nov low |
Asterisk denotes strength of level
05:00 GMT - Extending gains from the 15360 low of November as break above 15618 see room for continuation to the 15683 resistance then the 15721/15740 area. Gains are seen corrective and lower high sought to pressure the downside later. Meanwhile, support is raised to 15546/15510 area and break here will return focus to the downside for retest of 15428 then the strong support at the 15360/15358 area. Below these will see extension of losses from the Oct high to retrace gains from the May low. Lower will see scope to 15268, 50% Fibonacci retracement.