Published: 2026-06-29T05:00:55.000Z
Chart USD/IDR Updates: Reversing from Friday's bounce high
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Lower from the 17974 Friday's high as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18470 | projection | S1 | 17800 | * | congestion | ||
| R3 | 18200 | congestion | S2 | 17690 | ** | 15 Jun low | ||
| R2 | 18180 | ** | 8 Jun all-time high | S3 | 17600 | * | 38.2% Jan/Jun rally | |
| R1 | 17974 | ** | 26 Jun high | S4 | 17520 | * | 12 May high |
Asterisk denotes strength of level
04:50 GMT - Lower from the 17974 Friday's high as prices unwind overbought intraday and daily studies and suggest and starts to reverse bounce from 17690 mid-June low. Negative weekly studies suggest room for pullback to the latter and where break will return focus to the downside to extend losses from the 18180 all-time high. Lower will see room to support at 17600, 38.2% Fibonacci retracement. Meanwhile, resistance at the 17974/18000 area now expected to cap and sustain losses from the 18180 high.