FX.co ★ Technical Analysis of Intraday Price Movement of USD/IDR Exotic Currency Pairs , Monday May 06, 2024.

With the appearance of the Bearish 123 pattern on the 4 hour chart of the exotic currency pair USD/IDR even though the MA 20 condition is still above the MA 200, this indicates that in the near future USD/IDR still has the potential to continue its weakening correction against the Garuda currency, as long as it does not return to its initial bias. and breaking above the 16200 level, in the near future USD/IDR has the potential to weaken to the level of 15976.48 as the first target and if the weakening momentum is strong enough accompanied by sufficient volatility to support it, it is not impossible that the 15848 level will be the next target to be aimed at.

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