Published: 2025-10-02T05:28:54.000Z
Chart USD/IDR Updates: Leaning lower in consolidation from the 16770 high
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Leaning lower in consolidation below the 16770 high as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16970 | ** | 9 Apr all-time high | S1 | 16600 | * | congestion | |
| R3 | 16885 | * | 24 Apr high | S2 | 16495 | ** | Jun high | |
| R2 | 16800 | * | congestion | S3 | 16350 | * | congestion | |
| R1 | 16770 | ** | 26 Sep high | S4 | 16250 | * | 25 Aug low |
Asterisk denotes strength of level
05:30 GMT - Leaning lower in consolidation below the 16770 high as prices unwind overbought daily studies and suggest room for pullback to retrace gains from the 16100, August low. Nearby see support starting at 16600 congestion and where break will open up room to the strong support at the 16495, June-August range highs, which is expected to underpin. Would take break here to fade the upside pressure and further retrace gains from the 16100 low. Meanwhile, resistance at the 16770 high is expected to cap.