USD/IDR extends the previous day’s losses inside a one-month-old ascending trend channel. MACD signals further weakness but the channel’s support holds the key to sub-14,000 area. 14,680/90 becomes the key upside barrier to follow during recoveries. USD/IDR drop 0.20% to 14,384 while heading into the European session on Tuesday. The quote recedes for the second day in a row while staying inside an upward sloping channel formed since June 02. While RSI remains mostly normal, bearish MACD suggests further downside of the pair. As a result, the channel’s support near 14,230 gains market-attention. Though, a break of which might not refrain from attacking the 14,000 threshold. Should the bears succeed below 14,000, June month low near 13,850 could return to the charts. Alternatively, 14,600 can entertain the counter-trend traders ahead of 14,680/90 resistance confluence comprising the said bullish formation’s upper line and a horizontal area including multiple lows marked since late-May. Given the bulls’ ability to cross 14,690, also clear 14,700 psychological magnet daily, 15,000 may appear in the spotlight. USD/IDR four-hour 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 GBP/USD: Bias now shifted to the upside – UOB FX Street 3 years USD/IDR extends the previous day’s losses inside a one-month-old ascending trend channel. MACD signals further weakness but the channel’s support holds the key to sub-14,000 area. 14,680/90 becomes the key upside barrier to follow during recoveries. USD/IDR drop 0.20% to 14,384 while heading into the European session on Tuesday. The quote recedes for the second day in a row while staying inside an upward sloping channel formed since June 02. While RSI remains mostly normal, bearish MACD suggests further downside of the pair. As a result, the channel’s support near 14,230 gains market-attention. Though, a break of which might not… 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.
