- Analytics
- News and Tools
- Market News
- USD/IDR risks further weakness near term – UOB
USD/IDR risks further weakness near term – UOB
The continuation of the downtrend looks likely in USD/IDR in the short term, comments Markets Strategist at UOB Group Quek Ser Leang.
Key Quotes
“USD/IDR dropped sharply and rapidly over the last couple of weeks. While further USD/IDR weakness is not ruled out, any further decline is unlikely to challenge the major support at 14,770 this week.”
“On a shorter-term note, 14,850 is already quite a strong support level. Resistance is at 15,100, followed by 15,200.”
© 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
