USD/IDR may rise to 16087 - 16285

Our pivot point stands at 15359.

Our preference

Our next up target stands at 16285.

Alternative scenario

The downside breakout of 15359 would call for 15029 and 14832.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 15309 and 15535).

Supports and resistances

16680 **

16482 *

16285 **

16087

15640 last

15489

15359 **

15029 *

14832 **

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