On the weekly chart for the USD/IDR exotic currency pair, it can be seen that the movement of the rally up and above is halted at the level of the Bearish Fair Value Gap area and this condition has been confirmed by the Z-Score Probability indicator, which is moving in the range -1 to level 1, which means that the movement of the Garuda currency is still ranging and sideways but still under bearish pressure so that in the next few weeks the rupiah will try to strengthen against the US dollar as long as there is no upward rally corrective movement that exceeds the 15375 level then the 14613 level will be the target to try to achieve and if the momentum and volatility remains supportive and quite strong and even though the probability is quite small, namely only 16% (because the location is within the -1 to -2% level), the 14390 level will be the next target that USD/IDR will try to test.
(Disclaimer)
