Published: 2025-03-26T02:57:29.000Z
Chart USD/IDR Updates: Settled back in consolidation from 16657, fresh year high
Technical Analyst
1
Failed to sustain break to fresh high at 16657 as prices unwind the overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17000 | * | figure | S1 | 16535 | * | 19 Mar high | |
| R3 | 16915 | * | projection | S2 | 16474 | ** | Jun 2024 year high | |
| R2 | 16800 | ** | Jun 1998 all-time high | S3 | 16384 | * | Jan high | |
| R1 | 16657 | * | 25 Mar YTD high | S4 | 16309 | * | 17 Mar low |
Asterisk denotes strength of level
03:00 GMT - Failed to sustain break to fresh high at 16657 as prices unwind the overbought intraday studies to consolidate at the 16600 level. However, positive daily and weekly studies keep pressure on the upside and break above the 16657 high will turn focus to the 16800, June 1998 all-time high. Meanwhile, support is raised to the 16535 high of last week which should underpin. Would take break here and the 2024 year high at 16474 to fade the bullish momentum and see room for pullback to retrace strong gains from the September low.