USD/IDR may fall to 15351 - 15557

Our pivot point stands at 16307.

Our preference

Eye 15351.

Alternative scenario

The upside breakout of 16307, would call for 16654 and 16861.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (16087) but above its 50 period moving average (15957).

Supports and resistances

16861 **

16654 *

16307 **

16170

15994 last

15557

15351 **

15145 *

14939 **

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