USD/IDR may rise to 16665 - 16798

Our pivot point is at 16144.

Our preference

As long as 16144 is support look for 16798.

Alternative scenario

The downside breakout of 16144 would call for 15922 and 15789.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 16343 and 16196).

Supports and resistances

17064 **

16931 *

16798 **

16665

16390 last

16232

16144 **

15922 *

15789 **

Number of asterisks represents the strength of support and resistance levels.