Published: 2024-12-05T02:50:02.000Z
Chart USD/IDR Updates: Limited break above 15952, November high
Technical Analyst
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Limited on break of the 15952 high but pressure remains on the upside and see room to extend gains from the September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16200 | * | congestion | S1 | 15840 | * | 29 Nov low | |
| R3 | 16129 | * | 5 Aug low | S2 | 15800 | * | congestion | |
| R2 | 16094 | ** | Jul low | S3 | 15776 | * | 29 Oct high | |
| R1 | 16000 | * | figure, congestion | S4 | 15694 | ** | 7 Oct high |
Asterisk denotes strength of level
02:45 GMT - Limited on break of the 15952 high but pressure remains on the upside and see room to extend gains from the September low. Clear break here will open up room to the 16000 level and where clearance will see potential to the strong resistance at the 16094, July low. However, bearish divergence on the daily studies highlights risk for pullback with support starting at 15840 and extending to the 15800 level. Would take break of these to fade the upside pressure and open up room for deeper pullback to support at the 15776 and 15694, previous highs.