USD/IDR is neutral

Our pivot point stands at 15879.

Our preference

Technical rebound towards 15879 before a new drop.

Alternative scenario

The upside breakout of 15879, would call for 16274 and 16509.

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 its 20 period moving average (15408) but under its 50 period moving average (15604).

Supports and resistances

16509 **

16274 *

15879 **

15724

15555 last

14993

14760 **

14526 *

14293 **

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