Published: 2026-05-18T06:26:46.000Z
Chart USD/IDR Updates: Extend parabolic gains
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Consolidation below the 17520 high has given way to break to reach fresh historic high at 17660
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18000 | figure | S1 | 17520 | * | 12 May high | ||
| R3 | 17800 | projection | S2 | 17437 | * | 5 May high | ||
| R2 | 17700 | projection | S3 | 17300 | * | 23 Apr high | ||
| R1 | 17660 | intraday high | S4 | 17240/200 | ** | 4 May low, congestion |
Asterisk denotes strength of level
06:15 GMT - Consolidation below the 17520 high has given way to break to extend parabolic gains from the 16705 January low to reach 17660 historic high. Bullish structure keep pressure on the upside and see room for further gains to 17700 and 17800 projection targets and 18000 figure. However, overbought daily and weekly studies caution corrective pullback with support now raised to the 17520 high of last week. Would take pullback below this will ease the upside pressure and see corrective pullback to support at the 17437 and 17300 previous highs.