USD/IDR: Rupiah off the lows post-upbeat Indonesian trade data


According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a smaller-than-expected trade deficit in July after recording two straight months of surplus in June and May.

Indonesia reported a trade deficit of $0.06 billion vs. $-0.42 billion expected and $+0.20 billion previous. The imports and exports came in at -15.21% and -5.12% respectively vs. -18.12% and -11.40% expectations and +2.80% and -8.98% respective priors.

The median forecast from 11 economists was for a $0.42 trade deficit last month, the Reuters poll showed last week.

Upbeat trade report helps the Indonesian Rupiah to recover some ground versus the US dollar, sending the USD/IDR cross lower towards 14,275 levels. The pair hit two-day highs of 14,310 before the data release.

USD/IDR Levels to watch

USD/IDR

Overview
Today last price 14278.8
Today Daily Change -12.1500
Today Daily Change % -0.09
Today daily open 14290.95
 
Trends
Daily SMA20 14123.53
Daily SMA50 14142.595
Daily SMA100 14198.608
Daily SMA200 14246.701
Levels
Previous Daily High 14327.75
Previous Daily Low 14171.75
Previous Weekly High 14582.9
Previous Weekly Low 14159.35
Previous Monthly High 14240
Previous Monthly Low 13884
Daily Fibonacci 38.2% 14268.158
Daily Fibonacci 61.8% 14231.342
Daily Pivot Point S1 14199.2167
Daily Pivot Point S2 14107.4833
Daily Pivot Point S3 14043.2167
Daily Pivot Point R1 14355.2167
Daily Pivot Point R2 14419.4833
Daily Pivot Point R3 14511.2167

 

 

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