Jakarta, Aktual.com – Starting this week, the rupiah exchange rate at the opening on Monday (21/3) morning are in a position Rp13.165 / USD or fell 49 points from the previous close.
Rupaih currency which has been mighty against the United States dollar (US), in trading today could potentially cause a lower reversal.Because, if it was again an increase is still limited. Therefore, market participants are asked to look at the existing sentiment.
“The limited strengthening more due to the impact of profit-taking exploit euphoria USD weakness will continue into next week,” said an analyst from PT NH Korindo Securities Indonesia, Reza Priyambada, in its analysis daily, Monday (21/3).
Despite the strengthening of the still limited, but it still hopes it can come back to continue strengthening. Because the opportunities for advancement should still be possible, given the pace of the USD in trends weakening.
“Thus, in trading today support the rupiah is predicted at the level of 13.175 as well as resistant to 13.162. Fixed look sentiments on the rate of the rupiah,” he said.
To that end, he remains optimistic that the assumption of the data that has been released and will be a good response from market participants.
Moreover, supported Indonesia’s economic fundamentals are starting to recover, world commodity prices continue to be strong, as well as Indonesia Bank (BI), which again cut interest rates at 6.75%.
However, if there is no appreciation in the rupiah, it is necessary to watch out for a potential reversal. So that the rupiah may be more weakening in the support Rp13.179 level and resistance Rp13.168.
“Because of the limited strengthening of the rupiah was unable to give a clear direction to the rate of the rupiah,” he remembers.
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