Published: 2024-12-18T03:15:36.000Z
Chart USD/IDR Updates: Gains pressuring 16094/16100 resistance
Technical Analyst
2
Break of the 15969 high see prices extending the broader gains from the September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16284 | * | Apr high | S1 | 15969 | * | 4 Dec high | |
| R3 | 16200 | * | congestion | S2 | 15840 | ** | 29 Nov low | |
| R2 | 16129 | * | 5 Aug low | S3 | 15800 | * | congestion | |
| R1 | 16094/100 | ** | Jul low, congestion | S4 | 15694 | ** | 7 Oct high |
Asterisk denotes strength of level
03:10 GMT - Break of the 15969 high see prices extending the broader gains from the September low. Break above the 16000 level has seen follow-through to reach strong resistance at the 16094/16100, July low and congestion area. Stretched daily and weekly studies suggest possible pause here to unwind overbought readings. Clearance, if seen, will open up 16129/16200 area. Meanwhile, support is raised to the 15969 previous high which now underpin. Would take break here to eased the upside pressure and see room for stronger pullback to the 15840/15800 support.