USD/IDR may rise to 16531 - 16748

Our pivot point stands at 15705.

Our preference

As long as 15705 is support look for 16748.

Alternative scenario

The downside breakout of 15705 would call for 15343 and 15128.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (16091) but above its 50 period moving average (15959).

Supports and resistances

17182 **

16965 *

16748 **

16531

16085 last

15848

15705 **

15343 *

15128 **

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