Published: 2026-01-07T05:07:44.000Z
Chart USD/IDR Updates: Pressuring 16770/16790 highs
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Extending gains within the ascending triangle from the October low to retest the 16770/16790, September/December highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16970 | ** | 9 Apr YTD high | S1 | 16690 | * | 8 Dec high | |
| R3 | 16885 | * | 23 Apr high | S2 | 16625 | ** | 2 Dec low | |
| R2 | 16800 | * | congestion | S3 | 16600 | * | congestion | |
| R1 | 16770/90 | ** | Nov, Dec highs | S4 | 16525 | * | Oct low |
Asterisk denotes strength of level
05:10 GMT - Extending gains within the ascending triangle from the October low to retest the 16770/16790, September/December highs. Reaction here can be expected but a later break will see extension of the broader gains from the 16100, August 2025 year low. Clearance will see room for extension to resistance at 16885 then the 16970, April 2025 year high. Meanwhile, support is raised to 16700/16690 congestion area which should underpin. Would take break here to fade the upside pressure and negate the bullish ascending triangle pattern.