USD/IDR 1DThe market is probably shifting the downside for retracement till the previous high which is the main target to get profit.
Usdidrshort
USDIDR Points Towards Continuation of WeaknessThe USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which could reappear as long-term support and a reversal, although this is not likely to come to fruition for a number of trading days unless volatility really picks up.
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