USD/IDR may fall to 15850 - 15950

16337 is our pivot point.

Our preference

The downside prevails as long as 16337 is resistance.

Alternative scenario

Above 16337, look for 16505 and 16606.

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 stands below its 20 and 50 period moving average (respectively at 16205 and 16270).

Supports and resistances

16606 **

16505 *

16337 **

16270

16160 last

15950

15850 **

15750 *

15649 **

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