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Trade Data Eyed

IDR

Spot USD/IDR has advanced, breaching key resistance from the IDR14,633-14,635. The rate last deals +40 figs at IDR14,653, with bulls setting their sights on Oct 14, 2020 high of IDR14,753. The next layer of resistance above is located at Sep 25, 2020 high of IDR14,919. Conversely, bears look for a pullback towards May 11 low of IDR14,525.

  • USD/IDR 1-month NDF last seen -27 figs at IDR14,699. Bears look to further losses towards May 11 low of IDR14,516, while bulls keep an eye on May 16 high of IDR14,772.
  • Indonesia's trade data for the month of April will hit the wires at the top of the hour.
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Spot USD/IDR has advanced, breaching key resistance from the IDR14,633-14,635. The rate last deals +40 figs at IDR14,653, with bulls setting their sights on Oct 14, 2020 high of IDR14,753. The next layer of resistance above is located at Sep 25, 2020 high of IDR14,919. Conversely, bears look for a pullback towards May 11 low of IDR14,525.

  • USD/IDR 1-month NDF last seen -27 figs at IDR14,699. Bears look to further losses towards May 11 low of IDR14,516, while bulls keep an eye on May 16 high of IDR14,772.
  • Indonesia's trade data for the month of April will hit the wires at the top of the hour.