Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday April 22, 2024.

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Based on the daily chart of the exotic currency pair USD/IDR, there is potential for correction of the weakening of the United States Dollar against the Garuda currency (Rupiah) as indicated by the appearance of the Ascending Broadening Wedge pattern and deviations between price movements on the chart and the Stochastic Oscillator indicator so that it is based on facts This exotic currency pair USD/IDR has the potential to close the gap below it in the next few days, where as long as there is no continuous strengthening again until it breaks above the level of 16284.16 then USD/IDR has the opportunity to go to level 15837.51 as the main target and if the momentum and volatility supports then level 15551.30 will be the next target to aim for.

(Disclaimer)

The material has been provided by InstaForex Company – www.instaforex.com

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