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(Z1) Off Lows, But Remains Weak


Still Vulnerable


Bullish Price Sequence

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Spot USD/IDR trades +18 figs at IDR14,270 and topside technical focus falls on the 200-DMA at IDR14,288, which has limited gains recently. Topside focus falls on Aug 31 high of IDR14,345. On the flip side, Sep 16 low of IDR14,215 draws attention.

  • USD/IDR 1-month NDF last seen +14 figs at IDR14,302. Bulls see IDR14,340, which capped gains on Sep 8 & 9, as their initial target. Bears keep an eye on Sep 7/Jun 11 lows of IDR14,201/14,198.
  • The Finance Ministry said that Indonesia extends tax incentives to boost domestic demand for cars, in a bid to support economic recovery.
  • Bank Indonesia will deliver their monetary policy decision next Tuesday, virtually all analysts expect policymakers to leave the benchmark interest rate unchanged.