USD/IDR trades near nine-day low after breaking 50-DMA. 38.2% Fibonacci retracement, 2.5-week-long rising trend-line limit immediate declines. Even after extending the downside break of 50-day simple moving average (DMA), USD/IDR stays above near-term key supports as it takes the rounds to 14,122 during Asian session on Thursday. 38.2% Fibonacci retracement of April-June declines, near 14,115, and a rising trend-line since June 23, around 14,090, act as immediate supports for the pair traders to watch. If sellers dominate past-14,090, 14,000 round-figure and 23.6% Fibonacci retracement near 13,970 could offer intermediate halts to the pair’s drop to July month low surrounding 13,880. Meanwhile, pair’s sustained break above 50-DMA level of 14,143 enables it to confront a month-old falling trend-line, at 14,263 now, a break of which can propel prices to 61.8% Fibonacci retracement level around 14,350. 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 Social Media dApp iZbreaker collaborates with Ethereum Classic (ETC) FX Street 4 years USD/IDR trades near nine-day low after breaking 50-DMA. 38.2% Fibonacci retracement, 2.5-week-long rising trend-line limit immediate declines. Even after extending the downside break of 50-day simple moving average (DMA), USD/IDR stays above near-term key supports as it takes the rounds to 14,122 during Asian session on Thursday. 38.2% Fibonacci retracement of April-June declines, near 14,115, and a rising trend-line since June 23, around 14,090, act as immediate supports for the pair traders to watch. If sellers dominate past-14,090, 14,000 round-figure and 23.6% Fibonacci retracement near 13,970 could offer intermediate halts to the pair's drop to July month low surrounding 13,880.… 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.
