USD/IDR may fall to 15684 - 15870

Our pivot point stands at 16557.

Our preference

Target 15684.

Alternative scenario

Above 16557, look for 16872 and 17059.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (16349) but above its 50 period moving average (16215).

Supports and resistances

17059 **

16872 *

16557 **

16433

16245 last

15870

15684 **

15497 *

15310 **

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