24.06.202409:06 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday June 24, 2024.

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With the success of USD/IDR breaking above level 16414 and the formation of deviations between price movements and the Stochastic Oscillator indicator on the daily chart even though the EMA 50 is still above the EMA 200 (Golden Cross) which indicates that buyers still dominate, however, these two facts provide an indication that in time In the next few days, USD/IDR has the potential to be corrected down to the level of 16,300 as the main target and if the momentum and volatility are supportive then the level of 16,250 will be the next target to be aimed at, but if on its way to these target levels suddenly USD/IDR suddenly strengthens again until it penetrates above the 16,500 level, then the weakening correction scenario described previously will become invalid and will automatically cancel itself.

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