USD/IDR struggles to extend the latest declines. Further declines can challenge monthly bottom whereas 13,705 holds the key to the month’s top. USD/IDR stays modestly changed to 13,675 amid the initial trading hours on Wednesday. The quote recently broke the three-week-old rising trend line but stays above 21-day SMA. However, bullish MACD pushes buyers to look for entry if prices take a U-turn beyond the support-turned-resistance line of 13,685. In doing so, 13,705 could be their target ahead of challenging the monthly high near 13,760. Meanwhile, pair’s further declines below 21-day SMA level of 13,665 could aim for the month’s low near 13,620 whereas 13,600 and 13,560 can please the bears afterward. USD/IDR daily chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/INR risk reversals hit four-month high on call demand FX Street 2 years USD/IDR struggles to extend the latest declines. Further declines can challenge monthly bottom whereas 13,705 holds the key to the month’s top. USD/IDR stays modestly changed to 13,675 amid the initial trading hours on Wednesday. The quote recently broke the three-week-old rising trend line but stays above 21-day SMA. However, bullish MACD pushes buyers to look for entry if prices take a U-turn beyond the support-turned-resistance line of 13,685. In doing so, 13,705 could be their target ahead of challenging the monthly high near 13,760. Meanwhile, pair’s further declines below 21-day SMA level of 13,665 could aim for the month’s… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
