Today's USD to IDR Price Update

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Indonesian Rupiah (IDR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Indonesian Rupiah (IDR) is the official currency of Indonesia. The exchange rate between them reflects market sentiment regarding Indonesia’s economic conditions and investor confidence in currency stability.

Today’s Price

• 1 USD = 16,826.65 IDR
• 24h High: 16,835.35 IDR
• 24h Low: 16,828.06 IDR

Market Analysis

Recently, USD/IDR has been influenced by fiscal concerns in Jakarta, including failed bond auctions and foreign capital outflows, creating upward pressure on the pair and demonstrating a strengthening trend.

• Technical levels: Key support at 16,727.00 IDR, 16,674.00 IDR, and 16,633.00 IDR; resistance at 16,819.00 IDR, 16,860.00 IDR, and 16,976.00 IDR
• Technical indicator: The 14-day RSI stands at 56.114, suggesting a buy signal with the pair currently strengthening in a bullish pattern
• Risk note: Continued fiscal instability and capital outflows could drive further USD strength against the IDR
• Trading opportunities: Watch for buy entries near support levels around 16,727.00 IDR and potential momentum plays above resistance at 16,860.00 IDR

Conclusion

Continue to monitor the USD/IDR pair closely, integrating macroeconomic developments in Indonesia with technical indicators. For traders, focus on key support and resistance zones while remaining vigilant to fiscal policy developments that could impact currency stability.