The USD/IDR pair’s recent recovery nears the key resistance confluence. A pullback can highlight the month’s low fur sellers to watch. Despite registering gradually recoveries since July 19, USD/IDR is yet to cross key resistance confluence as it trades near 14,070 during early Wednesday. The crucial upside barrier at 14,078/82 comprises multiple lows marked since late-June to early-July and a six-week-old descending trendline, not to forget 50% Fibonacci retracement of June month’s decline. In a case where buyers manage to cross 14,082 resistance, 14,128/30 and 61.8% Fibonacci retracement level of 14,162 can act as buffers during the run-up to 14,200 mark. On the downside, 38.2% Fibonacci retracement level around 14,000 becomes the key support, a break of which can recall 13,884 support level that encompasses the beginning of the latest recovery. USD/IDR 4-hour 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 Forex today: Dollar backtracks on Fed’s preferred rate of inflation measure miss FX Street 4 years The USD/IDR pair's recent recovery nears the key resistance confluence. A pullback can highlight the month's low fur sellers to watch. Despite registering gradually recoveries since July 19, USD/IDR is yet to cross key resistance confluence as it trades near 14,070 during early Wednesday. The crucial upside barrier at 14,078/82 comprises multiple lows marked since late-June to early-July and a six-week-old descending trendline, not to forget 50% Fibonacci retracement of June month's decline. In a case where buyers manage to cross 14,082 resistance, 14,128/30 and 61.8% Fibonacci retracement level of 14,162 can act as buffers during the run-up to 14,200… 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.
