- Analytics
- News and Tools
- Market News
- USD/IDR clings to the side-lined trading – UOB
USD/IDR clings to the side-lined trading – UOB
USD/IDR could likely face extra consolidation in the short-term horizon, noted Quek Ser Leang at UOB Group’s Global Economics & Markets Research.
Key Quotes
“We highlighted last Monday (20 Jun, spot at 14,830) that USD/IDR ‘is likely to strengthen further but the major resistance at 14,950 is likely out of reach’. We added, ‘there is another resistance at 14,900’”.
“USD/IDR rose to a high of 14,872 on Wednesday before pulling back. Shorter-term upward pressure has eased and USD/IDR is likely to trade sideways for this week, expected to be within a range of 14,720/14,870.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
