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The USD/IDR pair is currently trading near 16,350, having tested dip demand with a drop to 15,440 on Friday.
With the recovery from Friday's low to 16,350, the pair has confirmed a bull flag breakout on the 4-hour chart. The bullish continuation pattern indicates the pullback from the recent high of 17,154 has ended and the rise from the January low of 13,217 has resumed.
As a result, the Indonesian Rupiah (IDR) could re-test the low of 15,440 reached on March 23. On the downside, a close under 15,440 (low of Friday's long-tailed candle) is needed to confirm a bearish reversal.
That level will likely come into play if the 4-hour chart support at 15,946 is breached. A violation there would invalidate the bull flag breakout.
Trend: Bullish