Published: 2025-01-13T03:42:34.000Z
Chart USD/IDR Updates: Extending gains
Technical Analyst
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Extending bounce from the 16059 low and break the 16259 resistance opens up the 16304 high of December to retest
| 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
03:35 GMT - Extending bounce from the 16059 low and break the 16259 resistance opens up the 16304 high of December to retest. Break here will extend gains from the September low and see room to the 16330 resistance. Clearance here will return focus to the 16400 congestion and se 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.