USD/IDR rises to a seven-week high after successfully breaking 50-day SMA. 200-day SMA becomes the key upside barrier while multiple lows near 13,590/85 can challenge the bears. USD/IDR stays 0.45% positive around 13,890 following its run-up to the intra-day high of 13,915.50 amid the early trading session on Monday. The pair crossed 50-day SMA for the first time since late-November 2019 during the last week and carries the upside momentum by the press time. Even so, a downward sloping trend line from August 2019 high seems to question the buyers at the moment, which if broken successfully can propel the quote towards a 200-day SMA level of 14,067. However, 14,000 round-figure and January month high near 14,023 can offer intermediate halts during the run-up. If at all USD/IDR prices fail to provide a daily closing beyond 13, 910, sellers will aim for a 50-day SMA level of 13,780 whereas multiple lows marked from the month’s start near 13,585/90 can challenge the bears afterward. USD/IDR daily chart Trend: Bullish 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 S. Korea reports 161 more confirmed coronavirus cases, 7th death on Monday FX Street 2 years USD/IDR rises to a seven-week high after successfully breaking 50-day SMA. 200-day SMA becomes the key upside barrier while multiple lows near 13,590/85 can challenge the bears. USD/IDR stays 0.45% positive around 13,890 following its run-up to the intra-day high of 13,915.50 amid the early trading session on Monday. The pair crossed 50-day SMA for the first time since late-November 2019 during the last week and carries the upside momentum by the press time. Even so, a downward sloping trend line from August 2019 high seems to question the buyers at the moment, which if broken successfully can propel the… 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.
