USD/IDR seen within 14,450-14,565 – UOB

In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR is seen navigating the 14,450-14,565 range.
Key Quotes
“USD/IDR traded in a relatively quiet manner between 14,480 and 14,555 last week. Indicators are mostly ‘neutral’ and USD/IDR could continue to trade in a quiet manner, likely holding between the two major levels of 14,450 and 14,565.”
“Looking ahead, the downside appears to be more at risk but USD/IDR has to close below the 55-day exponential moving average (currently at 14,418) before a sustained decline can be expected.”
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.

















