Published: 2025-04-11T03:27:57.000Z
Chart USD/IDR Updates: Room for deeper pullback from 16970, all-time high
Technical Analyst
1
Steadied at the 16729 low as prices consolidate losses from the 16970 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17115 | * | projection | S1 | 16729 | * | 10 Apr 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
03:25 GMT - Steadied at the 16729 low as prices consolidate losses from the 16970 high. Daily studies have turned mixed at overbought areas and suggest scope to extend losses 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 is expected to cap. Clearance, if seen, will extend the underlying bull trend to the 17000 psychological level.