USD/IDR may rise 59 - 83 pips

Our pivot point is at 15657.

Our preference

The upside prevails as long as 15657 is support.

Alternative scenario

The downside breakout of 15657 would call for 15616 and 15591.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 15683 and 15678).

Supports and resistances

15821 **

15797 *

15772 **

15748

15689 last

15673

15657 **

15616 *

15591 **

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