Published: 2025-06-24T05:27:53.000Z
Chart USD/IDR Updates: Under pressure from the 16495 high
Technical Analyst
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Limited on break of the 16475 resistance with rejection from the 16495 high through the 16400 support returning focus to the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16729 | * | 10 Apr low | S1 | 16300 | ** | congestion | |
| R3 | 16600 | * | congestion | S2 | 16225 | * | 12 Jun low | |
| R2 | 16584 | ** | 14 May high | S3 | 16159 | ** | 26 May low | |
| R1 | 16495 | ** | 23 Jun high | S4 | 16124 | * | 7 Jan YTD low |
Asterisk denotes strength of level
05:30 GMT - Limited on break of the 16475 resistance with rejection from the 16495 high through the 16400 support returning focus to the downside. Daily studies have turned down to unwind overbought readings and see room for pullback to the strong support at 16300. Break here will return focus to the 16225 and 16159 lows. Break of the latter will confirm a top in place at the 16970 high and see deeper pullback to retrace the September/April rally. Meanwhile, resistance a tthe 16475/16495 highs are expected to cap.