02.09.202404:56 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/IDR Exotic Currency Pairs, Monday September 02, 2024.

Relevance up to 22:00 2024-09-02 UTC--4

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On the 4-hour chart, the Exotic USD/IDR currency pair appears to have a Bullish 123 pattern and a deviation between its price movement and the RSI indicator (5) which gives an indication and confirmation that the USD in the near future has the potential to strengthen against the Garuda currency which has continued to strengthen for the past few days. What will be the confirmation of the continuation of the strengthening of the USD if the level of 15532.88 is successfully broken upwards, then the USD/IDR as long as there is no weakening again below the level of 15289 will continue to strengthen to the level of 15645 as its main target and if the momentum and volatility support it, the level of 16045.95 will be the next target to be aimed for.

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