| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The dollar index, which measures the US Dollar against a basket of major currencies, has surged by 132 pips or 1.33% since this week's trading sessions. The currency pair breached the 200– period simple moving average at 100.23 on Thursday.
Currently, the exchange rate is testing a support cluster formed by the monthly pivot point and the 50– period SMA at 99.63.
If the support cluster holds, the Dollar.IDX/USD pair could continue to edge higher during next week's trading session.
However, if the pair breaks the cluster, bearish traders could target the psychological support line at 99.00 during the following trading sessions.