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

Even though the condition on the daily chart of the exotic currency pair USD/IDR is in a strengthening condition, the emergence of a deviation pattern between the USD/IDR price movement and the Stochastic Oscillator indicator as well as the presence of the Bearish 123 pattern which was formed from last week's price movement gives a strong indication that in In the next few days, as long as it does not strengthen again until it breaks above level 16284.26, USD/IDR has the potential to be corrected to weaken down to level 16139 and if this level is successfully broken below, the next level to be aimed at is 15551.30 which will be the next target to aim for.

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