USD/IDR may rise to 16748 - 16892

Our pivot point stands at 16165.

Our preference

The upside prevails as long as 16165 is support.

Alternative scenario

The downside breakout of 16165 would call for 15924 and 15781.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 16304 and 16180).

Supports and resistances

17180 **

17036 *

16892 **

16748

16370 last

16259

16165 **

15924 *

15781 **

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