Published: 2025-08-20T04:24:18.000Z
Chart USD/IDR Updates: Extending corrective bounce
Technical Analyst
1
Extending bounce from the 16095 current year low as prices unwind oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584 | * | 14 May high | S1 | 16160 | * | May low | |
| R3 | 16490/95 | ** | 1 Aug, Jun highs | S2 | 16095 | ** | 14 Aug YTD low | |
| R2 | 16400 | * | congestion | S3 | 16060 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 15970 | * | congestion |
Asterisk denotes strength of level
04:25 GMT - Extending bounce from the 16095 current year low as prices unwind oversold daily studies and retrace losses from the 16490 high. Clearing the 16200/16243 resistance opens up room for stronger gains to the 16300 and 16400 congestion. Howevr, corrective gains are expected to give way to renewed selling pressure later, below the 16160 support will expose the 16095 low to retest and where break will further retrace the September/April rally and see room to support at 16060 then the 16000 level.