• USD/IDR: Further upside looks in store – UOB

Noticias del mercado

2 octubre 2023

USD/IDR: Further upside looks in store – UOB

Extra gains in USD/IDR seems favoured in the short-term horizon, argues Markets Strategist Quek Ser Leang UOB Group.

Key Quotes

Last week, we held the view that USD/IDR “could test 15,425 before the risk of a deeper pullback increases.” However, USD/IDR soared to a high of 15,540 before ending the week on a strong note at 15,450.

Strong upward momentum suggests USD/IDR is likely to continue to rise this week towards 15,550, potentially testing the major resistance at 15,600. Support is at 15,450, followed by 15,400. 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: