USDIDR's weakness will last as Yuan in depreciation mode
USDIDR could and might touch Rp14,800, highest level during President Joko Widodo administration.
There is a possibility Rupiah go beyond Rp14,800 and reach Rp15,000 but i predict it won't happen since Rp14,800 should be a strong psychology Resistance.
However, Rupiah should move within a range of Rp14,300 - Rp14,600 for the rest of 2018.
Rupiah should appreciate below Rp14,200 to open possibility of strengthening below Rp13,xxx again.
There is a possibility Rupiah go beyond Rp14,800 and reach Rp15,000 but i predict it won't happen since Rp14,800 should be a strong psychology Resistance.
However, Rupiah should move within a range of Rp14,300 - Rp14,600 for the rest of 2018.
Rupiah should appreciate below Rp14,200 to open possibility of strengthening below Rp13,xxx again.
Note
Yuan is getting weaker against US Dollar as effect of Trade War.As Indonesia's trade related data seems week (despite improving CAD in 1Q19), Rupiah tends to continue depreciating.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.