USD/IDR: Next hurdle aligns at 14,620 – UOB

The continuation of the uptrend could lift USD/IDR to retest 14,565 ahead of 14,620, suggested Quek Ser Leang at UOB Group’s Global Economics & Markets Research.

Key Quotes

“USD/IDR jumped higher at the start of trading today. The rapid increase in momentum is likely to lead to a break of the Jul 2021 high at 14,565.”

“The next resistance is at 14,620. Support is at 14,490.”