USD/IDR may fall to 15585 - 15778

Our pivot point stands at 16464.

Our preference

Under pressure below 16464.

Alternative scenario

The upside breakout of 16464, would call for 16790 and 16983.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16331 and 16217).

Supports and resistances

16983 **

16790 *

16464 **

16337

16175 last

15778

15585 **

15392 *

15199 **

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