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USD/IDR Still Sits Just Shy Of Cycle Highs

IDR

Spot USD/IDR trades at IDR14,455, just above neutral levels, with little to write home on local news flow. Bullish focus falls on Mar 19 cycle high of IDR14,470 and a break here would open up the upper 2.0% Bollinger band at IDR14,498. Conversely, losses past Mar 23 low of IDR14,395 would expose Mar 18 low/200-DMA at IDR14,369/14,362.

  • Worth noting that Econ Min Hartarto was set to speak at an economic transformation seminar this morning, should any comments trickle through.
  • Indonesian CPI & Markit M'fing PMI comes out Thursday. Danareksa Consumer Confidence is also due this week, there is no fixed time of the release.

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