If we see here, USD has gain momentum to breakout the IDR resistance that holding USD value not over 14.600, since ending 2020 and beginning 2021, only once tested in 14 Apr 2021.
But, now we can see that Resistance has broken and USD seems to test the ATH in 2020 around 14.975, when we know due covid and stock market is super volatile.
If USD broke the 14.975, we can see quick pump to 2018 ATH around 15.200, where we know theres also market crash in 2018, this is similar where we see at the time, the FED is increasing rate to 2%, and currently FED is already increasing rates to 1.75%.
We should prepare if this is happening, could cause investment in Indonesia to be slow and growth due dependency with other country and food crisis is currently happening.
Be safe and manage money risk management to ensure to be stay liquid at times like this.
But, now we can see that Resistance has broken and USD seems to test the ATH in 2020 around 14.975, when we know due covid and stock market is super volatile.
If USD broke the 14.975, we can see quick pump to 2018 ATH around 15.200, where we know theres also market crash in 2018, this is similar where we see at the time, the FED is increasing rate to 2%, and currently FED is already increasing rates to 1.75%.
We should prepare if this is happening, could cause investment in Indonesia to be slow and growth due dependency with other country and food crisis is currently happening.
Be safe and manage money risk management to ensure to be stay liquid at times like this.
Comment:
Sep 2020 ATH resistance has been reached, and now working towards to 2018 ATH
Comment:
Sep 2020 ATH resistance has found support on 14.684 and rebound, if we compare to DXY perhaps this is sign of the next leg up
Note: if you see the 14600-14700 previous resistance has become support structure market is changing
Note: if you see the 14600-14700 previous resistance has become support structure market is changing
Comment:
Oct 2018 ATH resistance has break, awaiting pull back before another rally
Comment:
The Highest we see for now is 15700, so now lets wait for invalidation around 14.6, be careful for the ideas of this is just wave 2 correction that could lead to wave 3 that would be much higher than 15.7