Published: 2025-09-09T05:58:20.000Z
Chart USD/IDR Updates: Lower in consolidation from 16490/16495 highs
Technical Analyst
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Edged lower from the 16490/16495, August/June highs, as prices unwind the overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16730 | ** | 10 Apr low | S1 | 16400 | * | 2 Sep low | |
| R3 | 16635 | * | 61.8% Apr/Aug fall | S2 | 16350 | * | congestion | |
| R2 | 16585 | * | 14 May high | S3 | 16250 | * | 25 Aug low | |
| R1 | 16490/95 | ** | 1 Aug, Jun highs | S4 | 16160 | * | May low, congestion |
Asterisk denotes strength of level
05:50 GMT - Edged lower from the 16490/16495, August/June highs, as prices unwind the overbought daily studies. Pullback see support starting at 16400 low ahead of the 16350/16250 area. Would take break of the latter to return focus to the downside and open up room for retest of the 16160 and 16100 lows. Below the latter will extend pullback to retrace the September/April gains to the 16000 figure. Meanwhile, resistance at the 16490/16495 highs are expected to cap and sustain losses from the 16970, April current year high.