USD/IDR remains positive around the 17-day top. 100-day SMA and a multi-month long descending resistance line add to the resistance. Multiple supports around 13,600 can entertain sellers during the pullback. USD/IDR remains mildly bid around 13,740 amid the initial trading hours on Tuesday. Considering normal RSI conditions, coupled with the pair’s upbeat performance in the last three days, prices are likely to keep buyers hopeful. In doing so, a downward sloping trend line since November 28, 2019, at 13,885 now, will become their immediate target. However, a confluence of 100-day SMA and a descending resistance line since early August 2019, around 13,980/95 area, could keep further upside guarded. Should there be an additional run-up beyond 13,995, also clearing 14,000 mark, 200-day SMA around 14,115 will be on the bulls’ radars. Meanwhile, multiple rest-points near 13,600 can question the bears ahead of offering them additional lag towards the south. USD/IDR daily chart Trend: Further recovery 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 EUR/JPY Price Analysis: Focus on congestion zone FX Street 2 years USD/IDR remains positive around the 17-day top. 100-day SMA and a multi-month long descending resistance line add to the resistance. Multiple supports around 13,600 can entertain sellers during the pullback. USD/IDR remains mildly bid around 13,740 amid the initial trading hours on Tuesday. Considering normal RSI conditions, coupled with the pair’s upbeat performance in the last three days, prices are likely to keep buyers hopeful. In doing so, a downward sloping trend line since November 28, 2019, at 13,885 now, will become their immediate target. However, a confluence of 100-day SMA and a descending resistance line since early August 2019,… 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.
