Published: 2025-11-11T06:14:41.000Z
Chart USD/IDR Updates: Limited pullback, room for lower later
2
Limited on pullback from the 16725 high but overbought daily and weekly studies suggest scope for break of 16640/16600 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16885 | * | 23 Apr high | S1 | 16600 | * | congestion | |
| R3 | 16800 | * | congestion | S2 | 16525 | * | 9 Oct low | |
| R2 | 16770 | ** | Sep high | S3 | 16495 | ** | Jun high | |
| R1 | 16725 | * | 4 Nov high | S4 | 16355/350 | * | 61.8%, congestion |
Asterisk denotes strength of level
06:10 GMT - Limited on pullback from the 16725 high but overbought daily and weekly studies suggest scope for break of support at the 16640/16600 congestion area. Below this will turn focus to the strong support at the 16525 October low. Lower still, will see room to the June-August range highs at 16495 where reaction is expected. Break here will return focus to the downside to retrace gains from the 16100, August low. Meanwhile, resistance at the 16725 high is expected to cap ahead of the 16770, September high.