USD/IDR may rise 57 - 85 pips

Our pivot point stands at 15622.

Our preference

The upside prevails as long as 15622 is support.

Alternative scenario

The downside breakout of 15622 would call for 15575 and 15546.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 15642 and 15626).

Supports and resistances

15802 **

15774 *

15745 **

15717

15660 last

15641

15622 **

15575 *

15546 **

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