USD/IDR: Rupiah stalls sell-off after Bank Indonesia intervenes in bond market

Dhwani Mehta FXStreet

Nanang Hendarsah, Head of Bank Indonesia’s (BI) monetary management department said in a text message on Monday, Indonesia's central bank intervened in the bond market on Monday to support the Rupiah currency.

Hendarsah said: "Bank Indonesia is intervening in the bond market, it is still ongoing, to maintain the stability of the rupiah."

Following the Saudi oil plants attack news-led risk aversion, the Indonesian Rupiah witnessed a sharp fall against its American peer, with USD/IDR rallying 0.60% to near 14,050 levels.

Rupiah hit fresh two-month tops vs. the US dollar on Friday at 13,905 amid dovish Fed expectations and US-China trade optimism.

USD/IDR Levels to consider

USD/IDR

Overview
Today last price	14040
Today Daily Change	64.1000
Today Daily Change %	0.46
Today daily open	13975.9

Trends
Daily SMA20	14156.6725
Daily SMA50	14127.574
Daily SMA100	14204.1685
Daily SMA200	14203.0102

Levels
Previous Daily High	13997.25
Previous Daily Low	13910.5
Previous Weekly High	14112.4
Previous Weekly Low	13883
Previous Monthly High	14582.9
Previous Monthly Low	14075
Daily Fibonacci 38.2%	13964.1115
Daily Fibonacci 61.8%	13943.6385
Daily Pivot Point S1	13925.1833
Daily Pivot Point S2	13874.4667
Daily Pivot Point S3	13838.4333
Daily Pivot Point R1	14011.9333
Daily Pivot Point R2	14047.9667
Daily Pivot Point R3	14098.6833

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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