FX.co ★ Technical Analysis of Weekly Price Movement of USD/IDR Exotic Currency Pairs, Thursday July 06, 2023.

Based on what we can see on the weekly chart for the USD/IDR exotic currency pair, it appears that there is a deviation between price movements and the Stochastic Oscillator indicator as well as the presence of the Descending Broadening Wedge pattern which confirms that the strengthening of the Garuda currency has decreased its volatility so that in the next few weeks The Rupiah has the potential to weaken against the USD United States Dollar where as long as there is no correction to the strengthening of the Rupiah below the level of 14814, the Rupiah has the potential to continue weakening against the United States Dollar currency up to the level of 15279 as the main target and level 15474 as the second target.

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