USD/IDR may fall to 15624 - 15809

16470 is our pivot point.

Our preference

The downside prevails as long as 16470 is resistance.

Alternative scenario

Above 16470, look for 16782 and 16967.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16296 and 16214).

Supports and resistances

16967 **

16782 *

16470 **

16347

16209 last

15809

15624 **

15439 *

15254 **

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