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10.04.2025 10:14 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Thursday April 10, 2025.
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On the daily chart, the exotic currency pair USD/IDR appears to have a fairly strong Bullish bias, which is indicated by its price movement moving above its EMA (21), but because it is currently stuck at the 161.8% Fibonacci Expansion Resistance level of 16944.74 and the Stochastic Oscillator indicator is at the Overbought level, in the next few days there is the potential for a weakening correction towards the middle level of the Pitchfork Bullish Channel and/or to the level of 16633.20, but if suddenly USD/IDR strengthens again, especially if it breaks through and closes above the level of 17010.60, then all the weakening correction scenarios described previously will automatically be canceled by themselves.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaTrade
© 2007-2025

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