Unless clearing 100-day SMA chances of 14,090 comeback can’t be denied. 14,335 and 200-day SMA adds to the resistance list during the extended rise. Despite clearing seven weeks long descending trend-line resistance, the USD/IDR pair still struggles under 100-day simple moving average (SMA) level of 14,200 during early Friday. With this, chances of its pullback to 14,090 can’t be denied if the quote slips beneath 14,150 resistance-turned-support line. Also, pair’s extended downturn past-14,090 can be challenged by 14,000 round-figure, which if broken can recall February month lows near 13,895. On the contrary, an upside clearance of 100-day SMA level of 14,200 opens the door for the pair rise to March highs near 14,335 and then to 14,400 whereas 200-day SMA level of 14,485 could cap the following rise. In a case where the quote crosses 14,485 resistance, 14,600 could be targeted if holding long positions. 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 NZ: Strong trade surplus in March – Westpac FX Street 4 years Unless clearing 100-day SMA chances of 14,090 comeback can't be denied. 14,335 and 200-day SMA adds to the resistance list during the extended rise. Despite clearing seven weeks long descending trend-line resistance, the USD/IDR pair still struggles under 100-day simple moving average (SMA) level of 14,200 during early Friday. With this, chances of its pullback to 14,090 can't be denied if the quote slips beneath 14,150 resistance-turned-support line. Also, pair's extended downturn past-14,090 can be challenged by 14,000 round-figure, which if broken can recall February month lows near 13,895. On the contrary, an upside clearance of 100-day SMA level of… 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.
