USD/IDR faces initial contention at 14,850 – UOB – by pabspiovano USDIDR Indonesia Banks Currencies Crosses
“Our view for USD/IDR to ‘consolidate and trade between 15,450 and 15,800’ last week was wrong as it lurched lower and plunged to a low of 15,130 before extending its decline today.”
“The rapid and strong buildup in momentum suggests USD/IDR is likely to weaken further. Support levels are at 14,850 and 14,700. On the upside, 15,280 is a solid resistance but the key level is at 15,350.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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