Published: 2025-06-18T03:15:58.000Z
Chart USD/IDR Updates: Drifting narrowly below 16300 resistance
Technical Analyst
-
Little change, as prices drift narrowly below the 16300 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16225 | * | 12 Jun low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16159 | ** | 26 May YTD low | |
| R2 | 16400 | * | congestion | S3 | 16124 | * | 7 Jan YTD low | |
| R1 | 16300 | * | congestion | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
03:10 GMT - Little change, as prices drift narrowly below the 16300 resistance following bounce from the 16225 low. Would take break above the 16300 level to extend bounce from 16159, 26 May YTD low. Higher will see room to the strong resistance at the 16400/16475, congestion and 2024 year high, which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later for retest of the 16225 and 16159 lows. Break of these will extend losses from the April high and see room to 16124 and 16059 support..