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12.08.2024 07:07 AM
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday August 12, 2024.
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It seems that the USD currency is still weakening against the Garuda currency where in the daily chart the price movement is seen moving in a downward channel and the price movement is below the EMA 20 & EMA 50 so that in the next few days as long as there is no significant strengthening correction that breaks above the level of 16095.00 then USD / IDR has the potential to continue its weakening to the level of 15868.99 and if the momentum and volatility support it then the level of 15733.00 will be the next target to be aimed for.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaTrade
© 2007-2025

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