Published: 2025-09-08T04:57:17.000Z
Chart USD/IDR Updates: Extending pullback from 16490/16495 highs
Technical Analyst
1
Extending pullback from the 16490/16495, August/June highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16350 | * | congestion | |
| R3 | 16635 | * | 61.8% Apr/Aug fall | S2 | 16250 | * | 25 Aug low | |
| R2 | 16585 | * | 14 May high | S3 | 16160 | * | May low, congestion | |
| R1 | 16490/95 | ** | 1 Aug, Jun highs | S4 | 16100 | ** | 14 Aug YTD low |
Asterisk denotes strength of level
04:50 GMT - Extending pullback from the 16490/16495, August/June highs, as prices unwind the overbought daily studies. Pullback see support at the 16350/16250 area and break here will return focus to the downside and open up room for retest of the 16160 and 16100 lows. Below the latter will extend pullback to retrace the September/April gains. Meanwhile, resistance at the 16490/16495 highs now expected to cap and sustain losses from the 16970, April current year high.