Published: 2025-04-09T03:17:19.000Z
Chart USD/IDR Updates: Extending gains, focus on the 17000 level
Technical Analyst
3
Extending bullish break of the June 1998 high and extension see gains to fresh-time high at 16954
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17115 | * | projection | S1 | 16829 | * | 8 Apr low | |
| R3 | 17050 | * | projection | S2 | 16800 | * | figure | |
| R2 | 17000 | ** | psychological | S3 | 16657 | ** | Mar high | |
| R1 | 16954 | intraday high | S4 | 16590 | ** | Feb high |
Asterisk denotes strength of level
03:10 GMT - Extending bullish break of the June 1998 high and extension see gains to fresh-time high at 16954. Positive daily and weekly studies suggest scope for further extension of the underlying bull trend and higher will see room to the 17000 psychological level where reaction can be expected. Meanwhile, support is raised to the 16829/16800 area and only below here will ease the upside pressure and see room for deeper pullback to consolidate the strong run-up from the September low at 15070. Lower will open up scope to strong support at the 16657/16590 area.