Published: 2025-01-14T03:05:32.000Z
Chart USD/IDR Updates: Poised for retest of 16304 high
Technical Analyst
1
Break above the 16259 resistance extending bounce from the 16059 low to approach the 16304 high of December
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16474 | ** | 21 Jun 2024 year high | S1 | 16200 | * | congestion | |
| R3 | 16400 | * | congestion | S2 | 16124 | * | 7 Jan low | |
| R2 | 16330 | * | 30 Jul high | S3 | 16059 | ** | 31 Dec low | |
| R1 | 16304 | ** | Dec high | S4 | 16000 | * | congestion |
Asterisk denotes strength of level
03:05 GMT - Break above the 16259 resistance extending bounce from the 16059 low to approach the 16304 high of December. Break here will extend the broader gains from the September low and see room to the 16330 resistance. Beyond this will return focus to the 16400 congestion and see potential for retest of the 16474, June 2024 year high. Meanwhile, support is raised to the 16200 congestion which now 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.