mmdandytra

USDIDR : In Between

Short
FX_IDC:USDIDR   U.S. Dollar / Rupiah
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USDIDR has fallen since early April 2020 from Rp17,000/USD to Rp15,150/USD.

In my opinion, this move is to end a weakening trend of Rupiah that started in early 2020. To do that, Rupiah must continue to move below Rp14,700/USD.

If somehow Rupiah stays within Rp15,000/USD range, there is a possibility that a weakening trend of Rupiah will still happen anytime soon. This time, Rupiah can shoot up to Rp17,000 - Rp18,000/USD.

I am hoping to see a further strengthening of Rupiah in the next 2-3 weeks to reach a level below Rp14,700/USD.

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