Rupiah: Below 10k for Singaporean Dollar?

SGDIDR is below it's psychological level of 200 days moving average (MA200). This show that the sell pressure is still intact, and we expect a downtrend move for SGDIDR. As long price still lower than 10440 (MA200) and below 10285 as a neckline of Head & Shoulder pattern, there is a downside risk to hold SGDIDR with downside target at 9765 and 10075 as its minor target price.

If Indonesian would go for holiday to SG, they can wait for a lower SGD few months ahead. As long it stay below 10285 - 10440.

#GaleriSaham | Global Market