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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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Spot USD/IDR has added 28 figs so far and last changes hands at IDR14,371, after printing a fresh one-month high. A break above the nearby Nov 5 high of IDR14,390 would allow bulls to target Aug 27 high of IDR14,445. Conversely, a fall through Nov 30 low of IDR14,293 would open up Nov 19 low of IDR14,210.

  • USD/IDR 1-month NDF last seen -13 figs at IDR14,420. Bears see Nov 30 low of IDR14,328 as their initial target, while bulls look to a move through Nov 26 high of IDR14,496.
  • Indonesia extended the mandatory self-isolation period for inbound travellers to 10 days from 7 and banned almost all foreign travel by gov't officials.
  • Worth flagging that Moody's said yesterday that the key credit rating downgrade triggers for Indonesia are a prolonged slowdown in growth and problems with fiscal consolidation.