Published: 2025-12-08T05:45:25.000Z
Chart USD/IDR Updates: Higher in consolidation above 16600 support
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Higher in consolidation following bounce from the 16625 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16885 | * | 23 Apr high | S1 | 16600 | * | congestion | |
| R3 | 16800 | * | congestion | S2 | 16525 | * | Oct low | |
| R2 | 16770/60 | ** | Sep, Nov highs | S3 | 16500 | ** | Jun high, congestion | |
| R1 | 16700 | * | congestion | S4 | 16400 | * | congestion |
Asterisk denotes strength of level
05:35 GMT - Higher in consolidation following bounce from the 16625 low of last week as prices unwind oversold readings and sets up scope for retest of resistance at the 16700 congestion. Above here will expose the 16760 and 16770, November/September highs to retest. Would expect reaction at this area and give way to fresh selling pressure later. Break of the 16625 support and the 16600 level will see room for pullback to retest the strong support at 16525/16500, congestion and June high. Lower still, will see room for deeper pullback to retrace August/September rally to the 16400 congestion.