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16.04.202405:02 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday April 16, 2024.

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If you look at the daily chart, the exotic currency pair USD/IDR appears to be moving above its 200 MA and the Stochastic indicator which is already at the oversold level and is stuck at the level of the Bullish Fair Value Gap area which acts like a level. The support area which is quite strong seems to be holding back the rate of strengthening of the Garuda currency against the Greenback so that in the next few days as long as the strengthening correction that occurs in USD/IDR does not penetrate below the level of 15779.78, the Rupiah currency will weaken again against the USD to the level of 15964 as the main target and if momentum and volatility support then level 16060.22 is not impossible to achieve.

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