USD/IDR has pulled back from highs above 13,750 reached earlier this week. The bullish divergence of the daily RSI is still valid. The weekly high is now the level to beat for the bulls. USD/IDR is currently trading at 13,659, having hit a high of 13,757 on Feb.4. Despite the pullback, the bullish divergence of the 14-day relative strength index (RSI) confirmed on Jan.28 is still valid. The positive divergence will remain valid as long as the pair is holding above the recent low of 13,560 (Jan. 24 low). That level, however, could come into play as the long upper wick attached to the weekly candle indicates the broader sentiment is still quite bearish. Acceptance under 13,560 would open the doors to deeper support at 13,273 (January 2018 low). On the higher side, a break above 13,757 is needed to establish a higher high and confirm a bullish reversal signaled by the positive RSI divergence. Daily chart Trend: Neutral-to-bullish Technical levels 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 Fitch Ratings: Coronavirus may add to liquidity strain for some APAC corporates FX Street 2 years USD/IDR has pulled back from highs above 13,750 reached earlier this week. The bullish divergence of the daily RSI is still valid. The weekly high is now the level to beat for the bulls. USD/IDR is currently trading at 13,659, having hit a high of 13,757 on Feb.4. Despite the pullback, the bullish divergence of the 14-day relative strength index (RSI) confirmed on Jan.28 is still valid. The positive divergence will remain valid as long as the pair is holding above the recent low of 13,560 (Jan. 24 low). That level, however, could come into play as the long upper… 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.
