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- Extra consolidation likely in USD/IDR – UOB
Extra consolidation likely in USD/IDR – UOB
There is still scope for USD/IDR to keep navigating within a 15,185-15,300 range for the time being, suggests Markets Strategist Quek Ser Leang at UOB Group.
Key Quotes
Last week, we expected USD/IDR to trade sideways between 15,240 and 15,340. However, it traded in a lower range of 15,210/15.298.
There is no clear increase in downward momentum and we continue to expect USD/IDR to trade sideways, probably between 15,185 and 15,300.
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