7961884 10/6/2017 5:40 PM, USD/IDR intraday: above its upper Bollinger band


Our pivot point is at 13477.


Our preference

: the upside prevails as long as 13477 is support.


Alternative scenario

: the downside breakout of 13477 would call for 13445 and 13426.


Comment

: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 13490 and 13486). Finally, the USD/IDR is trading above its upper Bollinger band (standing at 13518).


Supports and resistances

:

13616 **

13597 *

13578 **

13559

13519 last

13489

13477 **

13445 *

13426 **