USD/IDR: 14,470 - UOB is the next target on the upswing

As per the UOB Group’s Global Economics & Markets Researcher, Quek Ser Leang, suggests that the USD/IDR currency pair could rise a little more and test the 14,470 level.

April 26, 2022 - 10:30 AM 264 views

USD/IDR: 14,470 - UOB is the next target on the upswing

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© USD/IDR: 14,470 - UOB is the next target on the upswing

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As per the UOB Group’s Global Economics & Markets Researcher, Quek Ser Leang, suggests that the USD/IDR currency pair could rise a little more and test the 14,470 level.

He said, "Last week, they anticipated the USD/IDR currency pair to trade sideways between 14,335 and 14,385. But, today, eventually, the USD/IDR currency pairs were traded side by side and rose up to 14,470, which is not at all surprising when compared to the last July’s trade as high as 14,565, which is likely out of reach for the current week. From here, the price actions suggest that the USD/IDR will go stronger in the future.

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