Published: 2025-01-15T02:59:38.000Z
Chart USD/IDR Updates: Extending gains
Technical Analyst
3
Extending gains and break above the 16304 high of December extend the broader gains from the September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16560 | * | 6 Apr 2020 high | S1 | 16200 | * | congestion | |
| R3 | 16474 | ** | Jun 2024 year high | S2 | 16124 | * | 7 Jan low | |
| R2 | 16400 | * | congestion | S3 | 16059 | ** | 31 Dec low | |
| R1 | 16330 | * | 30 Jul high | S4 | 16000 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Extending gains and break above the 16304 high of December extend the broader gains from the September low. Nearby see room to to the 16330 resistance. Clearance here will see room for extension to the 16400 congestion and see potential for retest of the 16474, June 2024 year high, where reaction can be expected. Meanwhile, support remains at the 16200 congestion which should underpin and sustain gains from the 16124 and 16059 higher lows. Only break of these will open up room for deeper retracement of gains from the September low.