USD/IDR declines from a multi-month high. Lows marked during February/July 2019 can offer intermediate stops to 200-week SMA. May 2019 will flash on the bulls’ radars beyond 100-week SMA. Having failed to cross the May 2019 high, USD/IDR slips below 100-week SMA while declining to 14,130, down 0.47%, during the pre-European session on Wednesday. The pair now takes rounds to December 2019 peak with 14,000 round-figure acts as the immediate support. During the quote’s further downside below 14,000, lows marked in February and July 2019, surrounding 13,895, will be the key to watch as a break of which can recall a 200-week SMA level near 13,790. On the contrary, a sustained break above the 100-week SMA level of 14,226 will enable buyers to again challenge May 2019 peak close to 14,525. In a case where the bulls manage to dominate past-14,525, multiple highs marked during late-2018 around 14,650 will be on their radars. USD/IDR weekly 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/CNH Price Analysis: Violates key support, Yuan hits 5.5-week high FX Street 2 years USD/IDR declines from a multi-month high. Lows marked during February/July 2019 can offer intermediate stops to 200-week SMA. May 2019 will flash on the bulls’ radars beyond 100-week SMA. Having failed to cross the May 2019 high, USD/IDR slips below 100-week SMA while declining to 14,130, down 0.47%, during the pre-European session on Wednesday. The pair now takes rounds to December 2019 peak with 14,000 round-figure acts as the immediate support. During the quote’s further downside below 14,000, lows marked in February and July 2019, surrounding 13,895, will be the key to watch as a break of which can recall… 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.
