USD/IDR: A sustainable drop below 14,095 seems out of favour – UOB – by pabspiovano USDIDR Indonesia Banks Crosses Currencies
In view of Markets Strategist at UOB Group Quek Ser Leang, a sustainable breakdown of 14,095 in“We did not anticipate the sharp drop in USD/IDR to a low of 15,130 .”
“The sharp and rapid drop has room to extend but in view of the deeply oversold conditions, a sustained drop below the major support at 14,095 is unlikely. Resistance is at 15,250, followed by 15,300.”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.
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