Published: 2026-03-02T06:07:21.000Z
Chart USD/IDR Updates: Extend bounce from 16755 low
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Bounce from the 16755 low see prices sustaining bullish structure from the 16100, August 2025 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16975 | ** | 20 Jan all-time high | S1 | 16755 | * | 26 Feb low | |
| R3 | 16930 | ** | 19 Feb high | S2 | 16705 | ** | 28 Jan YTD low | |
| R2 | 16885 | * | 6 Feb high | S3 | 16625 | * | Dec low | |
| R1 | 16850 | congestion | S4 | 16600 | * | congestion |
Asterisk denotes strength of level
05:50 GMT - Bounce from the 16755 low see prices sustaining bullish structure from the 16100, August 2025 year low. Daily studies have turned up to unwind oversold readings and regaining the 16800 level see room for extension to retest resistance at 16885 and the 16930 high. Break of these will return focus to the 16975, January current year high. Meanwhile, support at 16755 low should underpin. Would take break of the latter to expose the critical support at 16705 low to retest and see deeper correction of gains from the August low.