Published: 2025-06-11T02:54:37.000Z
Chart USD/IDR Updates: Leaning lower below 16300 congestion
Technical Analyst
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Little change, as prices drift narrowly below the 16300 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16584/600 | ** | 14 May high, congestion | S1 | 16149 | * | 24 Jan low | |
| R3 | 16475 | * | Jun 2024 year high | S2 | 16124 | * | 7 Jan YTD low | |
| R2 | 16400 | * | congestion | S3 | 16059 | * | 31 Dec low | |
| R1 | 16300 | * | congestion | S4 | 16019 | * | 50% Sep/Apr rally |
Asterisk denotes strength of level
02:50 GMT - Little change, as prices drift narrowly below the 16300 resistance. Daily studies have turned mixed and see room for pullback to the 16200 level. Below this will expose support at the 16169/16149 lows to retest. Break here will see room for deeper pullback to retrace the September/April rally to retest 7 January YTD low at 16124. Lower still, will target the 16059 support and 16019, 50% Fibonacci level. Meanwhile, congestion at 16300 is expected to cap. Break here, if seen, will see room for stronger gains to retrace losses from the 16970 April YTD high to the 16400/16475 area.