Published: 2026-01-16T05:24:05.000Z
Chart USD/IDR Updates: Poised for retest of April highs, but stretched
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Break above resistance at the 16800 congestion see prices extending gains from the 16100 August low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17270 | * | extension | S1 | 16770 | * | Sep high | |
| R3 | 17050 | * | extension | S2 | 16690 | ** | 31 Dec low | |
| R2 | 16970 | ** | 9 Apr 2025 all-time high | S3 | 16625 | ** | 2 Dec low | |
| R1 | 16885 | * | 23 Apr high | S4 | 16600 | * | congestion |
Asterisk denotes strength of level
05:20 GMT - Break above resistance at the 16800 congestion see prices extending gains from the 16100 August low towards 16885 resistance. Both ddaily and weekly studies are stretched and suggest reaction at the 16885/16970 April highs can be expected. However, a later break cannot be ruled out to extend the underlying bull trend. Meanwhile, support is raised to the 16800/16770 congestion and September high which should underpin. Would take break here to expose strong support at the 16700/16690 congestion area to retest.