USD/IDR buyers pause after refreshing weekly top of 14,778 the previous day. MACD teases bulls following the break of near-term key resistance line, now support. 100-day EMA gains attention during further upside, bears will refrain entries unless witness fresh monthly low. Having benefited from the break of monthly resistance line the previous day, USD/IDR seesaws around 14,755 during Wednesday’s Asian session. Other than the sustained trading beyond the previous resistance line, MACD histogram also keeps the bulls hopeful. As a result, a 100-day EMA level of 14,860 is in the spotlight during further upside. Though, 15,000 round-figure and the May 05 top near 15,180 could question the buyers afterward. Meanwhile, 14,680/75 becomes the key support area for pair traders to watch as it comprises the resistance turned support as well as an ascending trend line from May 04. In a case where the bears manage to conquer 14,675 support, the early March high near 14,420 could gain the market’s attention. 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 Silver Price Analysis: Bounces from $17.00, Wednesday’s close pivotal FX Street 3 years USD/IDR buyers pause after refreshing weekly top of 14,778 the previous day. MACD teases bulls following the break of near-term key resistance line, now support. 100-day EMA gains attention during further upside, bears will refrain entries unless witness fresh monthly low. Having benefited from the break of monthly resistance line the previous day, USD/IDR seesaws around 14,755 during Wednesday’s Asian session. Other than the sustained trading beyond the previous resistance line, MACD histogram also keeps the bulls hopeful. As a result, a 100-day EMA level of 14,860 is in the spotlight during further upside. Though, 15,000 round-figure and the May… 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.
