USD/IDR may rise 68 - 102 pips

Our pivot point stands at 15510.

Our preference

As long as 15510 is support look for 15657.

Alternative scenario

Below 15510, expect 15453 and 15419.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 15544 and 15511).

Supports and resistances

15725 **

15691 *

15657 **

15623

15555 last

15533

15510 **

15453 *

15419 **

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