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FX.co ★ Technical Analysis or Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday, April 3 2023.

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Forex Analysis:::2023-04-03T05:47:00

Technical Analysis or Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday, April 3 2023.

Technical Analysis or Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday, April 3 2023.

On the daily chart for the USD/IDR exotic currency pair, it can be seen that the price movement is currently moving below the 50 EMA supported by ADX which is above the 30 level and D- is above the D+ level, based on these facts in the near future of the currency Garuda will experience a strengthening against the United States Dollar where the Rupiah has the potential to strengthen to the level of 14839, but please also pay attention if on its way to that level the United States Dollar suddenly strengthens significantly again to make the currency fly above the 15345 level so that the potential for the strengthening of the Rupiah that has been described earlier will be invalid and automatically cancel by itself.

(Disclaimer)

Analyst InstaForex
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