Published: 2025-04-10T03:21:09.000Z
Chart USD/IDR Updates: Settled back from 16970 high
Technical Analyst
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Settled back from fresh all-time high at 16970 as intraday studies unwind overbought readings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17115 | * | projection | S1 | 16729 | intraday low | ||
| R3 | 17050 | * | projection | S2 | 16657 | ** | Mar high | |
| R2 | 17000 | ** | psychological | S3 | 16590 | ** | Feb high | |
| R1 | 16970 | ** | 9 Apr all-time high | S4 | 16535 | * | 19 Mar high |
Asterisk denotes strength of level
03:10 GMT - Settled back from fresh all-time high at 16970 as intraday studies unwind overbought readings. Pullback below the 16800 level opens up room for deeper correction to the strong support at the 16657/16590, March and February highs. Would take break here to open up room for deeper correction of the strong run-up from the 15070 September low to the 16475, 2024 year high. Meanwhile, resistance at the 16970 high expected to cap. Clearance, if seen, will see room for extension to he 17000 psychological level.