USD/IDR may fall 31 - 46 pips

Our pivot point is at 16315.

Our preference

Target 16249.

Alternative scenario

The upside breakout of 16315, would call for 16341 and 16357.

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 price is below its 20 period moving average (16303) but above its 50 period moving average (16286).

Supports and resistances

16357 **

16341 *

16315 **

16305

16295 last

16264

16249 **

16233 *

16218 **

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