Published: 2025-06-23T03:31:23.000Z
Chart USD/IDR Updates: Room to extend corrective bounce
Technical Analyst
-
Little change, as prices consolidate test of the 16400 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16600 | * | congestion | S1 | 16300 | ** | congestion | |
| R3 | 16584 | ** | 14 May high | S2 | 16225 | * | 12 Jun low | |
| R2 | 16475 | * | Jun 2024 year high | S3 | 16159 | ** | 26 May low | |
| R1 | 16400 | * | congestion | S4 | 16124 | * | 7 Jan YTD low |
Asterisk denotes strength of level
03:30 GMT - Little change, as prices consolidate test of the 16400 resistance. Positive daily and weekly studies suggest scope for break to further extend gains from the 16159, May low. Clearance will see room to further retrace the April/May losses to the strong resistance at 16475, the 2024 year high. This is expected to cap and give way to renewed selling pressure. Meanwhile, support is raised to the 16300 congestion. Break here will return focus to the downside for retest of the 16225 and 16159 lows. Break of these will see room to 16124 and 16059 support..