Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday August 27, 2024.

With the formation of a channel that dives down and the movement of the USD/IDR price that forms a deviation between its price movement and the RSI indicator (5) and fails to breaks and close below the level of 15348.72, it gives an indication that in the near future the USD/IDR will experience a strengthening correction where as long as there is no further weakening that breaks below the level of 15289, the USD/IDR has the potential to test the level of 15534 if it is successfully broken above it, the USD/IDR will continue to strengthen to the level of 15645 and if the momentum and volatility support it, the level of 15894 is the main target and 16042.32 will be the next target to be aimed for.

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