Published: 2024-12-06T02:58:23.000Z
Chart USD/IDR Updates: Under pressure, 15840 support at risk
Technical Analyst
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Turned back to pressure the range low at 15840 after failing to sustain break of the 15952, November high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16129 | * | 5 Aug low | S1 | 15840 | * | 29 Nov low | |
| R3 | 16094 | ** | Jul low | S2 | 15800 | * | congestion | |
| R2 | 16000 | * | figure, congestion | S3 | 15776 | * | 29 Oct high | |
| R1 | 15952/69 | * | Nov, 4 Dec highs | S4 | 15694 | ** | 7 Oct high |
Asterisk denotes strength of level
02:50 GMT - Turned back to pressure the range low at 15840 after failing to sustain break of the 15952, November high. Rejection from the 15969 high see pressure returning to the downside to support at the 15840 and extending to the 15800 level. Break of these will fade the upside pressure and open up room for pullback to retrace gains from the September low. Lower will open up room to support at the 15776 and 15694, previous highs. Resistance at the 15952 and 15969 highs now expected to cap. Clearance, if seen, will see potential to the 16000 level.