FX.co ★ Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday October 28, 2024.

As seen on the daily chart, the exotic currency pair USD/IDR appears to be continuing its strengthening against the Garuda currency where this condition is supported by confirmation of a deviation between the USD/IDR price movement against the Awesome Oscillator indicator and the price position is above the EMA (21) which also has a slope that dives upwards where all of this indicates that the strengthening momentum still dominates the USD/IDR where the USD/IDR seems to be trying to close its closest Vacuum Gap but as long as this strengthening does not break through and close above the 15960 level, the USD/IDR still has the opportunity to weaken and fall again where if it fails to break through and close above that level, this exotic currency pair will weaken again to the 15419 level and if the momentum and volatility support it, the USD/IDR will head back to the 15300 level.

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