USD/IDR: A convincing break above 15,245 is not favoured – UOB – by pabspiovano USDIDR Indonesia Currencies Crosses Banks
look likely, although a sustained advance beyond 15,245 seems off the table suggests UOB Group’s Market Strategist Quek Ser Leang.“Our expectations for USD/IDR to ‘advance further’ last week did not materialize as it traded in a relatively narrow range of 15,139/15,225. The underlying tone still appears to be a tad firm and USD/IDR is likely to edge higher to 15,245.”
“Barring a sudden surge in momentum, a sustained rise above 15,245 is unlikely . Support is at 15,130, followed by 15,000.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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