USD/IDR may fall 31 - 46 pips

Our pivot point is at 16215.

Our preference

The downside prevails as long as 16215 is resistance.

Alternative scenario

Above 16215, look for 16241 and 16256.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16228 and 16248).

Supports and resistances

16256 **

16241 *

16215 **

16205

16195 last

16164

16149 **

16134 *

16119 **

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