Published: 2025-03-27T03:53:12.000Z
Chart USD/IDR Updates: Settled back in consolidation below 16600
Technical Analyst
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Settled back in consolidation below the 16600 congestion following double spike to the 16657 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16915 | * | projection | S1 | 16535 | * | 19 Mar high | |
| R3 | 16800 | ** | Jun 1998 all-time high | S2 | 16474 | ** | Jun 2024 year high | |
| R2 | 16657 | * | 25 Mar YTD high | S3 | 16384 | * | Jan high | |
| R1 | 16600 | * | congestion | S4 | 16309 | * | 17 Mar low |
Asterisk denotes strength of level
03:40 GMT - Settled back in consolidation below the 16600 congestion following double spike to the 16657 highs. Daily studies are stretched and highlights risk for pullback pullback from these highs to support at 16535. Break here and the 2024 year high at 16474 will fade the bullish momentum and see room for deeper pullback to retrace strong gains from the September low. Meanwhile, resistance is lowered to the 16600 congestion. Clearance here and the 16657 high will turn focus to the 16800, June 1998 all-time high.