Published: 2025-11-18T05:56:44.000Z
Chart USD/IDR Updates: Extending gains
2
Break above 16725 high see prices extending gains from the 16525 October low towards the 16770, September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16970 | ** | 9 Apr all-time high | S1 | 16660 | * | 10 Nov low | |
| R3 | 16885 | * | 23 Apr high | S2 | 16600 | * | congestion | |
| R2 | 16800 | * | congestion | S3 | 16525 | * | Oct low | |
| R1 | 16770 | ** | Sep high | S4 | 16495 | ** | Jun high |
Asterisk denotes strength of level
05:50 GMT - Break above 16725 high see prices extending gains from the 16525 October low towards the 16770, September high. Clearance here will extend the broader gains from the August current year low at 16100 towards 16800 level and the late-April high at 16885. Beyond this will return focus to 16970, 9 April all-time high. Meanwhile, support is raised to 16700/16660 area which is expected to underpin. Would take break here to ease the upside pressure and see room for deeper pullback to retrace gains from the 16525, October low.