Published: 2026-01-19T06:57:17.000Z
Chart USD/IDR Updates: Extending gains
1
Pressure remains on the upside as prices extend gains from the 16100 August low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17500 | * | extension | S1 | 16800 | * | congestion | |
| R3 | 17270 | * | extension | S2 | 16770 | * | Sep high | |
| R2 | 17050 | * | extension | S3 | 16690 | ** | 31 Dec low | |
| R1 | 16970 | ** | 9 Apr 2025 all-time high | S4 | 16625 | ** | 2 Dec low |
Asterisk denotes strength of level
06:50 GMT - Pressure remains on the upside as prices extend gains from the 16100 August low. Break above the 16885 resistance return focus to the 16970 April all-time high where reaction can be expected as daily and weekly studies extend into overbought areas. However, a later break cannot be ruled out to extend the underlying bull trend. Meanwhile, support is raised to the 16800/16770 congestion and September high which should underpin. Would take break here to ease the upside pressure and expose strong support at the 16700/16690 congestion area to retest.