Published: 2025-01-02T05:04:27.000Z
Chart USD/IDR Updates: Rebound see scope to retest 16304 high
Technical Analyst
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Corrective pullback from the 16304 high has given way to fresh buying interest to regain the 16200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16400 | * | congestion | S1 | 16100 | * | congestion | |
| R3 | 16330 | * | 30 Jul high | S2 | 16059 | * | 31 Dec low | |
| R2 | 16304 | * | 20 Dec high | S3 | 16000 | * | congestion | |
| R1 | 16254 | * | 27 Dec high | S4 | 15969 | ** | 4 Dec high |
Asterisk denotes strength of level
05:00 GMT - Corrective pullback from the 16304 high has given way to fresh buying interest with bounce from the 16059 low to regain the 16200 level opening up resistance at 16254 to retest. Clearance here will see scope to retest the 16304 high. Break here will extend gains from the September 2024 year low. Meanwhile, support is raised to the 16100/16059 congestion and Tuesday's pullback low, which now underpin. Only break here will see room for deeper pullback to strong support at the 16000 level and 15969/15952, previous highs.