Published: 2024-12-02T02:54:38.000Z
Chart USD/IDR Updates: Turned up in consolidation from 15840 low
Technical Analyst
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Edged off from the 15840 low as prices consolidate pullback from the 15952 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16094 | ** | Jul low | S1 | 15800 | * | congestion | |
| R3 | 16000 | * | figure, congestion | S2 | 15776 | * | 29 Oct high | |
| R2 | 15952 | * | 21 Nov high | S3 | 15694 | ** | 7 Oct high | |
| R1 | 15900 | * | figure | S4 | 15600 | * | congestion, 8 Nov low |
Asterisk denotes strength of level
02:45 GMT - Edged off from the 15840 low as prices consolidate pullback from the 15952 high. However, consolidation expected to give way to renewed selling pressure later and lower will open up room for deeper pullback to retrace the bullish run-up from the 15600 November low and lower will see room to the 15800/15776 support. Break of the latter will trigger further losses to the strong support at the 15694/15600 area. Meanwhile, resistance is at the 15900 level ahead of the 15944/15952 highs which is expected to cap on rebound.