USD/IDR aims for the upper-end of 14,530-14,650 trading range. Back-to-back Dojis portray traders indecision with strong supports favoring the bulls. MACD turns bearish for the first time in seven weeks, a clear break of 50-day SMA required to please sellers. USD/IDR trades near 14,615, up 0.30% on a day, during the pre-European session on Wednesday. The pair bounced off 50-day SMA the previous day after flashing Doji candlesticks for consecutive three days to Tuesday. While a U-turn from the key support, namely 50-day SMA and an ascending trend line from June 10, keep the buyers hopeful, multiple Dojis suggested sellers’ indecision previous. Even so, the MACD signals are creating a challenge for the bulls. Hence, the quote’s run-up beyond the mid-month high near 14,720 could be sought for confirming an attack on the monthly top near 14,960 as well as 15,000 round-figures. On the flip side, the USD/IDR price weakness below 50-day SMA level of 14,444 can aim for the month-start bottom surrounding 14,225 and 14,000 figures afterward. However, June month’s low near 13,850 will be a tough nut to crack for sellers before aiming for further south-run. 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 Bitcoin Cash Technical Analysis: BCH/USD bullish flag pattern eyes $300 FX Street 3 years USD/IDR aims for the upper-end of 14,530-14,650 trading range. Back-to-back Dojis portray traders indecision with strong supports favoring the bulls. MACD turns bearish for the first time in seven weeks, a clear break of 50-day SMA required to please sellers. USD/IDR trades near 14,615, up 0.30% on a day, during the pre-European session on Wednesday. The pair bounced off 50-day SMA the previous day after flashing Doji candlesticks for consecutive three days to Tuesday. While a U-turn from the key support, namely 50-day SMA and an ascending trend line from June 10, keep the buyers hopeful, multiple Dojis suggested sellers’… 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.
