USD/IDR rises to the highest since July 20. RSI conditions join 100-day SMA to probe the pair bulls. 50-day SMA, two-month-old ascending trend line offer important support. USD/IDR recedes from intraday top to 14,857, up 0.84% on a day, during the pre-European session on Thursday. The pair currently trades around month’s high but 100-day SMA seems to chain the bulls amid nearly overbought RSI conditions. As a result, the quote is likely to witness a pullback towards 23.6% Fibonacci retracement of April-June downside, at 14,746. However, the pair’s further downside will be limited by a confluence of an ascending trend line from June 12 and 50-day SMA around 14,470. Should the quote slips below 14,470, 14,350 and July month bottom near 14,260 will be on the bears’ radars. Meanwhile, the pair’s sustained break above 100-day SMA level of 14,900 will need validation from July month’s top of 14,958.70 before attacking the 15,000 threshold. USD/IDR daily 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 GBP/USD faces strong resistance at 1.3115 – UOB FX Street 2 years USD/IDR rises to the highest since July 20. RSI conditions join 100-day SMA to probe the pair bulls. 50-day SMA, two-month-old ascending trend line offer important support. USD/IDR recedes from intraday top to 14,857, up 0.84% on a day, during the pre-European session on Thursday. The pair currently trades around month’s high but 100-day SMA seems to chain the bulls amid nearly overbought RSI conditions. As a result, the quote is likely to witness a pullback towards 23.6% Fibonacci retracement of April-June downside, at 14,746. However, the pair’s further downside will be limited by a confluence of an ascending trend… 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.
