Further consolidation likely in USD/IDR – UOB

Quek Ser Leang at UOB Group’s Global Economics & Markets Research suggests that USD/IDR should keep navigating the 14,320-14,395 range for the time being.

Key Quotes

“USD/IDR traded between 14,325 and 14,368 for the whole of last week, narrower than our expected sideway-trading range of 14,300/14,390.”

“The quiet price actions offer no fresh clues and further sideway trading would not be surprising. Expected range for this week, 14,320/14,395.”