USD/IDR fails to hold onto recovery gains. 61.8% Fibonacci retracement, short-term support line and 200-day SMA limit immediate declines. The previous year top on the buyers’ radar amid bullish MACD. USD/IDR declines 0.28% to 14,283 by the press time of early Friday. Even so, the pair remains above short-term key supports while also nearing the multi-month high. Among them, 61.8% Fibonacci retracement of April 2019 to January 2020 fall, around 14,170, acts as the closest support, a break of which could drag the quote to an ascending trend line since February 20, 2020, currently at 14,095. In a case where the USD/IDR prices slip below 14,095, 200-day SMA close to 14,055 and 14,000 round-figure become the strong supports to disappoint the sellers. On the upside, buyers can wait for a sustained break above 14,360 to aim for 14,500 and 14,660. Though, the bulls’ refrain to step back from 14,660 can the year 2019 high surrounding 14,760. 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 Ethereum Price Analysis: ETH/USD climbs the upward trending line and enters the $230-zone FX Street 3 years USD/IDR fails to hold onto recovery gains. 61.8% Fibonacci retracement, short-term support line and 200-day SMA limit immediate declines. The previous year top on the buyers’ radar amid bullish MACD. USD/IDR declines 0.28% to 14,283 by the press time of early Friday. Even so, the pair remains above short-term key supports while also nearing the multi-month high. Among them, 61.8% Fibonacci retracement of April 2019 to January 2020 fall, around 14,170, acts as the closest support, a break of which could drag the quote to an ascending trend line since February 20, 2020, currently at 14,095. In a case where… 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.
