USD/IDR may rise to 15874 - 16062

15173 is our pivot point.

Our preference

The upside prevails as long as 15173 is support.

Alternative scenario

Below 15173, expect 14859 and 14672.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 15413 and 15437).

Supports and resistances

16437 **

16250 *

16062 **

15874

15489 last

15296

15173 **

14859 *

14672 **

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