USD/IDR risks further downside near term – UOB – by pabspiovano USDIDR Currencies Crosses Banks Indonesia
According to Markets Strategist Quek Ser Leang at UOB Group, USD/IDR could face some selling pressure in the short-term horizon.USD/IDR closed 1.00% lower at 14,835 last week. Downward momentum has increased somewhat and this week, USD/IDR is likely to edge lower but a sustained drop below 14,740 appears unlikely for now. Resistance is at 14,900, followed by 14,950.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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