Published: 2026-07-17T04:30:07.000Z
Chart USD/IDR Updates: Extending losses
1
Consolidation at the 18000 level has given way to break lower to extend pullback from the 18126 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18200 | projection | S1 | 17845 | * | 29 Jun low | ||
| R3 | 18180 | ** | 8 Jun all-time high | S2 | 17800 | * | congestion | |
| R2 | 18126 | * | 13 Jul high | S3 | 17690 | ** | 15 Jun low | |
| R1 | 18000 | * | congestion | S4 | 17600 | * | congestion |
Asterisk denotes strength of level
04:30 GMT - Consolidation at the 18000 level has given way to break lower to extend pullback from the 18126 high as prices unwind overbought daily studies. Bearish divergence on weekly chart suggest deeper pullback to retrace strong gains from the 17690 June low and see room to the 17845/17800 area. Below this will expose the 17690 low to retest and see scope to extend losses from the 18180 all-time high. Meanwhile, resistance at the 18000 congestion and extending to the 18126 high is expected to cap any corrective bounce.