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- USD/IDR keeps the consolidation well and sound – UOB
USD/IDR keeps the consolidation well and sound – UOB
In the view of FX Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR is likely to trade within the 14,825-14,900 range for the time being.
Key Quotes
“Our expectation for USD/IDR to dip below 55-day exponential moving average support last week was incorrect as it popped briefly to 14,900 before pulling back.”
“The outlook for this week is mixed and USD/IDR is likely to trade sideways, expected to be within a range of 14,825/14,990.”
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