Published: 2025-08-14T03:54:20.000Z
Chart USD/IDR Updates: Extending losses to fresh year low
Technical Analyst
1
Consolidation above the 16243 Monday's low gave way to fresh selling pressure through support at the 16160, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16490/95 | ** | 1 Aug, Jun highs | S1 | 16060 | * | 31 Dec low | |
| R3 | 16400 | * | congestion | S2 | 16020 | * | 50% Sep/Apr rally | |
| R2 | 16300 | * | congestion | S3 | 15970 | * | congestion | |
| R1 | 16243 | * | 11 Aug low | S4 | 15830 | * | Dec low |
Asterisk denotes strength of level
03:45 GMT - Consolidation above the 16243 Monday's low gave way to fresh selling pressure through support at the 16160, May low. Losses has since reach fresh year low at 16120. Below this will see room for deeper pullback to retrace the September/April rally to the 16060 support and 16020, 50% Fibonacci level. Lower still, will see room to support at 15970 and 15830. Meanwhile, resistance is lowered to 16243 and extending to the 16300 congestion which is expected to cap and sustain losses from the 16490/16495 highs.