USD/IDR faces some consolidation near term – UOB

Pablo Piovano FXStreet

USD/IDR is expected to trade between 14,450 and 15,800 in the near term, comments Markets Strategist at UOB Group Quek Ser Leang.

Key Quotes

“USD/IDR bucked the USD weakness trend as it closed higher by 0.42% last Friday (NY close of 15,575).”

“The price actions appear to be part of a broad consolidation range and we expect USD/IDR to trade between 15,450 and 15,800 this week.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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