Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday January 08, 2023.

It seems that in the near future the USD/IDR currency pair will strengthen again in the next few days after the appearance of the Failing Wedge pattern and the emergence of Wiseman 1 (Bullish Divergent Bar) and Wiseman 2 (SAO) signals, especially coupled with the emergence of deviations between price movements and indicators. Awesome Oscillator means that USD/IDR has the potential to test the nearest Wiseman 3 (Fractal) signal, namely at level 15552.56, then level 15680.45 as the second target, but if USD/IDR is corrected again, weakening to below level 15367.82, then the scenario of USD strengthening against the Garuda currency as previously described will become invalid and cancel itself.

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