USD/IDR prints mild losses while stepping back from 14,313. Bears keep the throne unless breaking 200-bar SMA. The monthly low, early-February top will lure sellers below the triangle. USD/IDR stays offered while trading around 14,210, down 0.15% on a day, during the pre-European session on Tuesday. The pair recently bounced off the intraday low of 14,116 but stays inside a one-month-old triangle formation below 200-bar SMA. As a result, current expectations of the pair’s pullback towards the pattern’s resistance, at 14,375 now, might find an intermediate hurdle around 14,320. Should the USD/IDR prices manage to cross 14,375, a 200-bar SMA level of 14,503 becomes the key as it holds the gate for the pair’s further rise towards 50% Fibonacci retracement of May-June fall, near 14,660. On the flip side, the said triangle’s support around 14,100, followed by 14,000 threshold, will offer nearby rest during the quote’s weakness. Though, a sustained drop below 14,000 will strengthen the bears to challenge the monthly low near 13,850 ahead of targeting the February 04 top surrounding 13,835. USD/IDR four-hour chart Trend: Bearish 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 Coronavirus update: Germany’s death toll nears 9K, R-rate trends higher at 2.76 FX Street 2 years USD/IDR prints mild losses while stepping back from 14,313. Bears keep the throne unless breaking 200-bar SMA. The monthly low, early-February top will lure sellers below the triangle. USD/IDR stays offered while trading around 14,210, down 0.15% on a day, during the pre-European session on Tuesday. The pair recently bounced off the intraday low of 14,116 but stays inside a one-month-old triangle formation below 200-bar SMA. As a result, current expectations of the pair’s pullback towards the pattern’s resistance, at 14,375 now, might find an intermediate hurdle around 14,320. Should the USD/IDR prices manage to cross 14,375, a 200-bar SMA… 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.
