20.05.202406:18 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday May 20, 2024.

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If we look at the daily chart of the exotic currency pair USD/IDR, we can see that the price movement is forming an Ascending Broadening Wedge pattern accompanied by the position of EMA 20 which intersects below EMA 50, then it is confirmed that USD/IDR is currently weakening down where the level of 15914.88 will try to be tested and if during in the course of its weakening, there was no significant strengthening, especially breaking above the 16200 level and the 15914.88 level was successfully broken below, so the next level to be aimed at is 15848 as the main target and if the momentum and volatility are supportive then it is not impossible that in the next few days the 1551.30 level will be the next target to be addressed.

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