Technical Analysis of Weekly Price Movement of USD/IDR Exotic Currency Pairs, Monday April 17, 2023.
April 17, 2023 5:25 am
If we look on the weekly chart of USD/IDR exotic currency pairs, seems like Rupiah still has the potential to continue strenghthening up to the level 14507,21 and if the momentum as well as the volatility support, , it is not impossible that the Garuda currency will continue to strengthen up to the level of the area of 14068.82-13915.29 with a note that during its journey to the target levels there is no upward correction past the 15474.00 level because if this level is successfully penetrated upwards then all strengthening scenarios Rupiah previously described will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look on the weekly chart of USD/IDR exotic currency pairs, seems like Rupiah still has the potential to continue strenghthening up to the level 14507,21 and if the momentum as well as the volatility support, , it is not impossible that the Garuda currency will continue to strengthen up to the level of the area of 14068.82-13915.29 with a note that during its journey to the target levels there is no upward correction past the 15474.00 level because if this level is successfully penetrated upwards then all strengthening scenarios Rupiah previously described will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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