FX.co ★ Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday January 29, 2024.

On the daily chart of the exotic currency pair USD/IDR, you can see the appearance of a Double Bottom pattern (yellow circle) as well as price movements moving above the Moving Average, so based on these two things it can be predicted that in the next few days USD/IDR will appreciate upwards to the level of 15948.18 - 15977.05, however, if on the way to that level suddenly there is a downward correction which breaks below the level of 15624.00 then the strengthening scenario previously described will automatically cancel itself.

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