Published: 2025-03-25T03:19:47.000Z
Chart USD/IDR Updates: Break to fresh high turn focus to 16800, 1998 all-time high
Technical Analyst
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Bullish momentum to break the 16590 February high see prices extending the underlying bull trend to reach fresh multi-year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17000 | * | figure | S1 | 16535 | * | 19 Mar high | |
| R3 | 16915 | * | projection | S2 | 16474 | ** | Jun 2024 year high | |
| R2 | 16800 | ** | Jun 1998 all-time high | S3 | 16384 | * | Jan high | |
| R1 | 16639 | intraday high | S4 | 16309 | * | 17 Mar low |
Asterisk denotes strength of level
03:15 GMT - Bullish momentum to break the 16590 February high see prices extending the underlying bull trend to reach fresh multi-year high at 16639. Beyond this, will turn focus to the 16800, June 1998 all-time high. Break here, if seen, will open up room to the 16915 projection target then the 17000 figure. Meanwhile, support is raised to the 16535 high of last week which now underpin. Would take break here and the 2024 year high at 16474 to fade the bullish momentum and see room for pullback to retrace strong gains from the September low.