RUPIAH EXTENDS ITS UPSIDE TARGET

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RUPIAH EXTENDS ITS UPSIDE TARGETUS Dollar vs Indonesian RupiahVANTAGE:USDIDRsherrynjotoUSD/IDR D1 - Showing signs of continuing its upward move, with the next resistance levels to watch at 18,398 and 18,600. As long as the pair stays above 17,656, the current bullish momentum remains in play. The stronger US Dollar is being supported by expectations that the Fed will keep interest rates higher for longer, potentially making it harder for emerging market currencies, including the Indonesian Rupiah, to gain ground.