Weekly Forecast Rupiah April 4th

The Rupiah has been gaining ground from, 9091 in January to 8695 on the first day of April. The support and also Friday's closing price has proved to be a psychological barrier. A rebound is expected early week to test a resistance at 8790. It could just spike, thereafter, another attempt to push beyond the psychological barrier at 8700, and beyond is on the cards. We are bullish on the Rupiah and our target is at 8610.

Nilai tukar Rupiah telah menguat semenjak Januari dari level 9091 ke level 8695, terhadap dolar Paman Sam. Nilai penutupan 8700 membuktikan sebagai ketahanan psikologis yang cukup kuat. Kemungkinan rebound akan terjadi di awal minggu, dan percobaannya mungkin akan membentuk spike ke level 8790. Apabila level ini tidak terlewati, maka penguatan Rupiah akan berlanjut dan percobaan terhadap level psikologis akan terjadi. Pandangan kami terhadap Rupiah cukup bullish dan target kami ada di level 8610.