USD/IDR remains below 100-DMA despite better than forecast inflation data. 21-DMA offers nearby support to the quote. The 100-DMA keeps restricting the USD/IDR pair’s upside despite Indonesian inflation largely beat expectations on early Thursday. The quote now seesaws around 14,096 just after the data release. The headline Inflation (YoY) grew past-3.27% forecast to 3.32% during July whereas the monthly outcome crossed 0.26% consensus to 0.31%. Further, Core Inflation marginally came ahead of 3.17% anticipations to 3.18% on a yearly basis. Even so, the 100-day moving average (DMA) at 14,192 keeps limiting the pair’s upside, a break of which can trigger the quote’s fresh rally towards July month high near 14,240. It should also be noted that the pair’s rise past-14,240 can propel it towards 38.2% Fibonacci retracement level of 14,385. On the downside, 21-DMA level of 14,030 and 14,000 round-figure can lure sellers during the pullback ahead offering them July low surrounding 13,884. USD/IDR daily 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 Australia: Dwelling prices stabilise – Westpac FX Street 4 years USD/IDR remains below 100-DMA despite better than forecast inflation data. 21-DMA offers nearby support to the quote. The 100-DMA keeps restricting the USD/IDR pair's upside despite Indonesian inflation largely beat expectations on early Thursday. The quote now seesaws around 14,096 just after the data release. The headline Inflation (YoY) grew past-3.27% forecast to 3.32% during July whereas the monthly outcome crossed 0.26% consensus to 0.31%. Further, Core Inflation marginally came ahead of 3.17% anticipations to 3.18% on a yearly basis. Even so, the 100-day moving average (DMA) at 14,192 keeps limiting the pair's upside, a break of which can trigger… 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.
