USD/IDR may rise to 15971 - 16167

Our pivot point is at 15271.

Our preference

The upside prevails as long as 15271 is support.

Alternative scenario

The downside breakout of 15271 would call for 14943 and 14748.

Comment

The RSI is above its neutrality area at 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 15361 and 15474).

Supports and resistances

16559 **

16363 *

16167 **

15971

15575 last

15400

15271 **

14943 *

14748 **

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