FX.co ★ Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday March 25, 2024.

It seems that in the next few days the United States Dollar currency has the potential to be corrected to weaken against the Garuda currency based on what can be seen on the daily chart where the level of 15713 will try to be tested by USD/IDR but as long as there is no correction of weakening of USD/IDR that exceeds the level of 15560 then USD/IDR will strengthen again and beat the Garuda currency because in fact the conditions in this exotic currency pair are still in a bullish bias as indicated by the price movement which is still above the 200 MA and strengthened by confirmation of the Bullish Convergence between the USD/IDR price movement against the Stochastic Oscillator indicator so that USD/IDR has the potential to strengthen again to level 15783 and if this level is successfully penetrated then level 15844 will be the next target to be aimed at and if the momentum and volatility are sufficient to support it, the next level that will be attempted to be achieved is level 15908.

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