12.11.202405:03 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday November 12, 2024.

Relevance up to 20:00 2024-11-16 UTC--5

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If we look at the daily chart of the exotic currency pair USD/IDR, although it appears to be moving in the Bearish Pitchfork channel harmoniously, there is currently a strengthening correction where the Garuda currency is strengthening against the Greenback, although it is currently weakening again, where this weakening has the potential to bring USD/IDR to the level of 15539.54, but as long as it does not break through and close below the level of 15461 USD/IDR still has the potential to continue strengthening to the level of 15859 and if this level is successfully broken upwards, USD/IDR will continue strengthening to the level of 16087.60 and if the momentum and volatility support it, 16209 will be the next target to be aimed of.

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