Published: 2026-01-06T06:20:09.000Z
Chart USD/IDR Updates: Scope to retest 16770/16790 highs
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Extending gains within the ascending triangle from the October low to set up scope for retest of the 16770/16790, September/December highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16970 | ** | 9 Apr YTD high | S1 | 16690 | * | 8 Dec high | |
| R3 | 16885 | * | 23 Apr high | S2 | 16625 | ** | 2 Dec low | |
| R2 | 16800 | * | congestion | S3 | 16600 | * | congestion | |
| R1 | 16770/90 | ** | Nov, Dec highs | S4 | 16525 | * | Oct low |
Asterisk denotes strength of level
06:15 GMT - Extending gains within the ascending triangle from the October low with bounce from 16690 low of last week setting up scope for retest of the 16770/16790, September/December highs. Break here will extend the broader gains from the 16100, August 2025 year low and see room for extension to resistance at 16885 then the 16970, April 2025 year high. Meanwhile, support is raised to 16700/16690 congestion area which should now underpin. Would take break here to fade the upside pressure and negate the bullish ascending triangle pattern.