USD/IDR may fall to 14799 - 14991

Our pivot point stands at 15795.

Our preference

The downside prevails as long as 15795 is resistance.

Alternative scenario

Above 15795, look for 16121 and 16316.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 15808 and 16090).

Supports and resistances

16316 **

16121 *

15795 **

15667

15490 last

14991

14799 **

14607 *

14414 **

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