Published: 2026-03-17T06:15:46.000Z
Chart USD/IDR Updates: Just shy of the 17000 level
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Break to fresh high above 16975 January high has seen extension to approach the 17000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17800 | projection | S1 | 16885 | * | congestion | ||
| R3 | 17600 | projection | S2 | 16800 | * | congestion | ||
| R2 | 17200 | projection | S3 | 16755 | ** | Feb low | ||
| R1 | 17000 | ** | figure | S4 | 16705 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
06:10 GMT - Break to fresh high above 16975 January high has seen extension to approach the 17000 level. Positive daily and weekly studies suggest scope for break here to open up room for extension to 17200 level. Higher still, if seen, will see room to 17600 and 17800 projection target. Meanwhile, support is raised to 16900/16885 area which should now underpin. Only below here will fade the upside pressure and see room for deeper pullback to support at the 16800 congestion and the critical 16755/16705, February/January lows.