Published: 2025-09-22T05:17:08.000Z
Chart USD/IDR Updates: Extending gains
0
-
Break above the 16490/16495, August/June highs, has seen extension to retest the 16600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16800 | * | congestion | S1 | 16495/90 | ** | Jun/Aug highs | |
| R3 | 16730 | ** | 10 Apr low | S2 | 16350 | * | congestion | |
| R2 | 16625 | ** | Mar 2020 year high | S3 | 16250 | * | 25 Aug low | |
| R1 | 16600 | * | 1 Aug, Jun highs | S4 | 16100 | ** | Aug low |
Asterisk denotes strength of level
05:10 GMT - Break above the 16490/16495, August/June highs, has seen extension to retest the 16600 level. Break here will extend gains from the 16100 August low to further retrace losses from the April current year high and see room to the 16625, March 2020 year high. Higher still, will see room to strong resistance at 16730. Meanwhile, support is raised to 16495/16490, June/August highs which should now underpin. Would take break here to return focus to the downside for retest of the 16350 and 16250 congestion.