Published: 2025-10-14T06:35:46.000Z
Chart USD/IDR Updates: Consoldating, lower later
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Range-bound in consolidation above the 16525 low as prices consolidate pullback from the 16770 September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16800 | * | congestion | S1 | 16525 | * | 9 Oct low | |
| R3 | 16770 | ** | 26 Sep high | S2 | 16495 | ** | Jun high | |
| R2 | 16700 | * | figure | S3 | 16350 | * | congestion | |
| R1 | 16600 | * | congestion | S4 | 16250 | * | 25 Aug low |
Asterisk denotes strength of level
06:30 GMT - Range-bound in consolidation above the 16525 low as prices consolidate pullback from the 16770 September high to unwind oversold daily studies. However, this is expected to give way to renewed selling pressure later the strong support at the 16495, June-August range highs. Negative weekly studies suggest scope for break here to open up room for deeper pullback to retrace the August/September gains to the 16400/16350 area. Meanwhile, resistance is lowered to 16600 congestion which is expected to cap and sustain pullback from the 16770 high.