USD/IDR recedes from the key EMA for the sixth time in last one week. 21-day EMA, monthly support line on the bears’ radar. 61.8% Fibonacci retracement level of January-April rise adds to the upside barriers. USD/IDR prints 0.35% intraday losses while declining to 14,483 during the early Monday morning in Asia. The quote’s latest weakness marks another failure to cross 200-day EMA despite bullish MACD signals. As a result, sellers are rolling up their sleeves for fresh entries. Though, a 21-day EMA level of 14,384, followed by an ascending trend line from June 09, at 14,230 now, offers strong downside support to the pair. Should there be a clear south-run below 14,230, 14,000 round-figures and the June month low near 13,850 will return to the charts. On the upside, the quote’s rise past-200-day EMA level of 14,543 won’t be enough to recall the buyers. The reason is the pair’s repeated pullbacks below the 14,630/35 area. Also likely to challenge the bulls will be the May 04 low near 14,680. In a case where the USD/IDR prices manage to cross 14,680 on a daily closing basis, 61.8% Fibonacci retracement level of 14,915 and 15,000 threshold can regain the market attention. 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 AUD/USD keeps the consolidation well in place so far – UOB FX Street 3 years USD/IDR recedes from the key EMA for the sixth time in last one week. 21-day EMA, monthly support line on the bears’ radar. 61.8% Fibonacci retracement level of January-April rise adds to the upside barriers. USD/IDR prints 0.35% intraday losses while declining to 14,483 during the early Monday morning in Asia. The quote’s latest weakness marks another failure to cross 200-day EMA despite bullish MACD signals. As a result, sellers are rolling up their sleeves for fresh entries. Though, a 21-day EMA level of 14,384, followed by an ascending trend line from June 09, at 14,230 now, offers strong downside… 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.
