7647159 7/13/2017 6:21 PM, USD/IDR intraday: rebound


Our pivot point is at 13318.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 13318 would call for 13290 and 13274.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (13343) but under its 50 MA (13367).


Supports and resistances

:

13430 **

13414 *

13398 **

13382

13348 last

13328

13318 **

13290 *

13274 **