Published: 2026-01-14T05:46:24.000Z
Chart USD/IDR Updates: Poised for retest of April highs
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Break of 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
05:40 GMT - Break of resistance at the 16800 congestion see prices extending gains from the 16100 August low. Positive daily and weekly studies highlights scope for extension to retest of resistance at 16885 then the 16970, April 2025 all-time high. Would expect reaction at the latter but a later break cannot be ruled out to extend the underlying bull trend. Meanwhile, support is raised to the 16770 September high which should underpin. Would take break here to expose strong support at the 16700/16690 congestion area to retest.