Published: 2024-11-19T17:16:22.000Z
Chart USD/IDR Updates: Turning down
Senior Technical Strategist
2
The anticipated test of strong resistance at the 15940 Fibonacci retracement has given way to selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16150 | ** | 76.4% of Jun-Sep fall | S1 | 15750 | * | congestion | |
| R3 | 16000 | ** | break level | S2 | 15600 | * | congestion | |
| R2 | 15940 | ** | 61.8% of Jun-Sep fall | S3 | 15500 | * | congestion | |
| R1 | 15900 | figure | S4 | 15429 | ** | 21 Oct (w) low |
Asterisk denotes strength of level
17:10 GMT - The anticipated test of strong resistance at the 15940 Fibonacci retracement has given way to selling interest, and a steady pullback to 15789. Daily readings have turned down, highlighting room for a test of congestion support at 15750. But rising weekly charts should limit any deeper losses in renewed consolidation above further congestion around 15600. Meanwhile, any immediate bounce is expected to meet fresh selling interest beneath 15940.