Published: 2025-09-30T06:22:30.000Z
Chart USD/IDR Updates: Lower in consolidation from 16770 high
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Turned down from the 16770 high of last week as prices consolidate strong gains from the 16350 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16970 | ** | 9 Apr all-time high | S1 | 16600 | * | congestion | |
| R3 | 16885 | * | 24 Apr high | S2 | 16495 | ** | Jun high | |
| R2 | 16800 | * | congestion | S3 | 16350 | * | congestion | |
| R1 | 16770 | ** | 26 Sep high | S4 | 16250 | * | 25 Aug low |
Asterisk denotes strength of level
06:05 GMT - Turned down from the 16770 high of last week as prices consolidate strong gains from the 16350 congestion. Daily studies are unwinding overbought readings and pullback see support starting at 16600 congestion. Below this will open up room to the strong support at the 16495 June-August range highs which is expected to underpin. Would take break here to fade the upside pressure and retrace gains from the 16100 low. Meanwhile, resistance at the 16770 high now expected to cap.