Published: 2025-07-01T03:46:33.000Z
Chart USD/IDR Updates: Extending the April losses
Technical Analyst
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Under pressure as prices extend pullback from the 16495 high through the 16300 congestion to return focus to the 16159, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | ** | 14 May high | S1 | 16159 | ** | May low | |
| R3 | 16495 | ** | 23 Jun high | S2 | 16059 | * | 31 Dec low | |
| R2 | 16400 | * | congestion | S3 | 16000 | * | congestion | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | 4 Dec high |
Asterisk denotes strength of level
03:45 GMT - Under pressure as prices extend pullback from the 16495 high through the 16300 congestion to return focus to the 16159, May low. Daily studies are tracking lower from overbought areas and see risk for break here to confirm a top in place at the April high at 16970 and further extend losses to retrace the September/April rally. lower will see room to the 16059 support then the 16000 level and 50% Fibonacci level. Meanwhile, resistance is lowered to 16300 congestion which is expected to cap and sustain losses from the 16475/16495 highs.