Published: 2024-11-08T03:39:30.000Z
Chart USD/IDR Updates: Extending pullback from 15860 high
Technical Analyst
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Gapped lower at the open see prices extending pullback from the 15860 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 15900 | * | figure | S1 | 15600 | * | congestion | |
| R3 | 15860 | ** | 6 Nov high | S2 | 15500 | * | congestion | |
| R2 | 15776 | * | 29 Oct high | S3 | 15430 | ** | 21 Oct low | |
| R1 | 15680 | * | congestion | S4 | 15400 | * | congestion |
Asterisk denotes strength of level
03:30 GMT - Gapped lower at the open see prices extending pullback from the 15860 high as prices unwind the overbought daily studies. Pullback see prices weighing on the 15600 congestion and break here will open up deeper losses to retrace gains from the September low to the 15500 level. Lower still see see room to the strong support at 15430 low and 15400 congestion. Meanwhile, resistance is lowered to the 15680/15700 congestion area which is expected to cap and sustain losses from the 15860 high.