USD/IDR: Next hurdle aligns at 14,620 – UOB

Market news

9 May 2022

USD/IDR: Next hurdle aligns at 14,620 – UOB

The continuation of the uptrend could lift USD/IDR to retest 14,565 ahead of 14,620, suggested Quek Ser Leang at UOB Group’s Global Economics & Markets Research.

Key Quotes

“USD/IDR jumped higher at the start of trading today. The rapid increase in momentum is likely to lead to a break of the Jul 2021 high at 14,565.”

“The next resistance is at 14,620. Support is at 14,490.”

Currencies. Daily history for Monday, May 9, 2022

Commodities. Daily history for Friday, May 6, 2022

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