USD/IDR offers fewer moves while staying below 100-week SMA. July/September lows, 200-week SMA limit pair’s downside. 50% of Fibonacci retracement adds to the resistance. Despite repeated pullbacks from 61.8% Fibonacci retracement of September 2017 to October 2018 upside, USD/IDR stays below 100-week SMA while taking rounds to 14,090 during early Tuesday. Not only the 100-week Simple Moving Average (SMA) level of 14,190, 50% Fibonacci retracement around 14,270 and 14,360/65 could also limit the pair’s upside ahead of fueling it to August month top close to 14,580. Given the bull’s ability to cross August high, a horizontal area around 14,718/25, including highs marked in December 2018 and April 2019, will be in the spotlight. Alternatively, pair’s sustained trading beyond 61.8% Fibonacci retracement level of 13,990 portrays the underlying momentum strength while July and September month lows near 13,880, close to 200-week SMA level of 13,750, could limit further declines. USD/IDR daily chart Trend: Sideways 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 Litecoin price update: LTC/USD digs deeper into the Bollinger Bands as volatility expands FX Street 3 years USD/IDR offers fewer moves while staying below 100-week SMA. July/September lows, 200-week SMA limit pair's downside. 50% of Fibonacci retracement adds to the resistance. Despite repeated pullbacks from 61.8% Fibonacci retracement of September 2017 to October 2018 upside, USD/IDR stays below 100-week SMA while taking rounds to 14,090 during early Tuesday. Not only the 100-week Simple Moving Average (SMA) level of 14,190, 50% Fibonacci retracement around 14,270 and 14,360/65 could also limit the pair's upside ahead of fueling it to August month top close to 14,580. Given the bull's ability to cross August high, a horizontal area around 14,718/25, including… 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.
