mmdcharts

USDIDR should rise to Rp14,900/USD, deeper depreciation

Short
mmdcharts Updated   
FX_IDC:USDIDR   U.S. Dollar / Rupiah
USDIDR could move to Rp14,900/USD after finishing consolidating around Rp14,300 - Rp14,400 for almost a month.

By moving above Rp14,000, USDIDR is continuing "Uptrend" to at least Rp14,900 (above highest level at Jokowi's administration at Rp14,800). The depreciation this time might as well bring Rupiah to touch Rp15,000/USD.
Trade closed manually

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.