Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday June 10, 2024.



If you pay attention to the daily chart, the exotic currency pair USD/IDR appears to be still in a bullish condition, where this can be seen from the EMA 50 which is still above the EMA 200 (Golden Cross), which indicates that buyers are still dominant on the Daily chart of USD/IDR. However, with the condition of the Stochastic Oscillator indicator which has managed to break below level 80, in the next few days, as long as this currency does not return to its initial bias, especially if it succeeds in breaking above level 16374.73, USD/IDR has the potential to be corrected down to level 16024.91 as the main target and if the momentum and volatility support then level 15837.34 will be the next target to aim for.


The material has been provided by InstaForex Company - #

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