FX.co ★ Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday May 13, 2024.

Based on what we see on the daily chart, the exotic currency pair of USD/IDR in the next few days will still try to test the level of 15940.83. As long as this level succeeds in preventing USD/IDR from continuing its weakening to the level of 15837.51, then USD/IDR still has the potential to strengthen again, up to the level of 16090.00 and up to the level of 16284.26. If the momentum and volatility are quite supportive where the strengthening of USD/IDR has been confirmed by the MA 20 which is still above the MA 200 and the condition of the Stochastci Oscillator which is already oversold and getting ready to rise again above its level 20.

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