Published: 2025-10-06T04:55:15.000Z
Chart USD/IDR Updates: Extending pullback from 16770 high
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Extending pullback from the 16770 high as prices unwind the overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16885 | * | 24 Apr high | S1 | 16495 | ** | Jun high | |
| R3 | 16800 | * | congestion | S2 | 16350 | * | congestion | |
| R2 | 16770 | ** | 26 Sep high | S3 | 16250 | * | 25 Aug low | |
| R1 | 16730 | * | 10 Apr low | S4 | 16160 | * | May low |
Asterisk denotes strength of level
05:00 GMT - Extending pullback from the 16770 high as prices unwind the overbought daily studies. Break of the 16600 support see room for deeper pullback to retrace gains from the 16100 low of August to the strong support at the 16495, June-August range highs. Would take break here to fade the upside pressure and see deeper pullback to 16400/16350 area. Meanwhile, resistance is lowered to 16700/16730 area which is now expected to cap and sustain pullback from the 16770 high.