Published: 2025-06-26T03:08:48.000Z
Chart USD/IDR Updates: Break of 16300 support turn focus to 16225/16159 lows
Technical Analyst
-
Extending reversal from the 16495 high and break of strong support at the 16300 congestion return focus to the 16225, 12 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16600 | * | congestion | S1 | 16225 | * | 12 Jun low | |
| R3 | 16584 | ** | 14 May high | S2 | 16159 | ** | 26 May low | |
| R2 | 16495 | ** | 23 Jun high | S3 | 16124 | * | 7 Jan YTD low | |
| R1 | 16400 | * | congestion | S4 | 16059 | * | 31 Dec low |
Asterisk denotes strength of level
03:10 GMT - Extending reversal from the 16495 high and break of strong support at the 16300 congestion return focus to the 16225, 12 June low. Daily studies are tracking lower from overbought areas and see risk for break here to expose the May low at 16159 to retest. Below these will confirm a top in place at the 16970 high and see deeper pullback to retrace the September/April rally. Meanwhile, resistance is lowered to 16400 congestion which is expected to cap and sustain losses from the 16475/16495 highs.