Polls close in Indonesia, USD/IDR still listless below 14,100

The eight-hour voting process across Indonesia for the Presidential election and the parliament have closed now and the outcome as to who would be the next President should be clear by late-Wednesday, though official results will be known in May.

According to Omkar Godbole, FXStreet’s Analyst, Incumbent Joko Widodo is up against nationalist former army general Prabowo Subianto. From Indonesian Rupiah's point of view, Subianto's victory could bring in some uncertainty, given his lack of experience in governing. That said, there is very little difference between the economic policies proposed by both candidates. Even so, Widodo victory may put a bid under the IDR.”

Most opinion polls give Widodo a double-digit lead, but the opposition says the race is much closer and Prabowo said before voting in the city of Bogor he was optimistic about winning, Reuters reports.

Throughout the polling process and now as the voting ends, the Indonesian Rupiah continues to trade flat-lined near 14,085 levels against its American counterpart, with markets awaiting a likely Widodo win for the USD/IDR to hit fresh two-month lows to test the next support at 13,890 (February lows).

USD/IDR Technical Levels



Today last price 14080
Today Daily Change -37.0000
Today Daily Change % -0.26
Today daily open 14085
Daily SMA20 14168.45
Daily SMA50 14140.582
Daily SMA100 14227.8435
Daily SMA200 14500.2895
Previous Daily High 14158.5
Previous Daily Low 14056
Previous Weekly High 14258.5
Previous Weekly Low 14092.5
Previous Monthly High 14416
Previous Monthly Low 14056.5
Daily Fibonacci 38.2% 14119.345
Daily Fibonacci 61.8% 14095.155
Daily Pivot Point S1 14041.1667
Daily Pivot Point S2 13997.3333
Daily Pivot Point S3 13938.6667
Daily Pivot Point R1 14143.6667
Daily Pivot Point R2 14202.3333
Daily Pivot Point R3 14246.1667



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Bid in holiday-thinned trade, bullish channel breakdown confirmed

EUR/USD is mildly bid in Asia, but the gains could be short-lived, as yesterday’s sell-off seems to have put sellers in commanding position for the near term. 


GBP/USD: On the defensive despite strong UK retail sales

The path of least resistance for the GBP/USD appears to be on the downside. The British Pound slipped below 1.30 and closed under the April 5 low of 1.2987 yesterday.


USD/JPY: No reaction to BOJ’s decision to cut its routine buying of long-dated bonds

USD/JPY pair is currently trading at 111.93, having clocked a 112.00 earlier today. The Bank of Japan (BOJ) cut its purchases of bonds with maturities between 10 and 25 years to ¥160 billion, down ¥20 billion from the previous ¥180 billion. 


The Tale of the Prosperous Consumer-US Retail Sales

American consumers asserted the right to spend in a grand fashion in March boosting retail sales to the fastest expansion in 18 months as the booming job market put the shutdown marked holiday season to rest.

Read more

Gold Technical Analysis: Eyes corrective bounce on bullish 4H RSI divergence

Gold snapped its five-day winning streak with a 0.19 percent gain on Thursday, confirming a bullish divergence of the relative strength index on the 4-hour and hourly charts. 

Gold News