USD/IDR nears 200-bar SMA, 38.2% Fibonacci retracement confluence. An upward sloping trend-line since September 20 adds to the supports. The last week’s top acts as immediate resistance to watch. Although gradual weakness from last week’s top drags the USD/IDR pair to a week’s bottom, the quote stays above near-term key support confluence while trading around 14,125 during early Monday. 38.2% Fibonacci retracement of mid-September to early October run-up joins 200-bar Simple Moving Average (SMA) while offering the key support confluence near 14,120. Should sellers dominate below that, a four-week-old rising trend-line, at 14,100, will be important to watch. In a case where prices keep declining below 14,100, 61.8% Fibonacci retracement level of 14,030 and 14,000 will flash on bears’ radar. Alternatively, pair’s rise above last week’s high nearing 14,230 can escalate the recovery towards 14,270/75 area that includes the monthly top. USD/IDR 4-hour 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 PBOC sets Yuan reference rate at 7.0680 FX Street 3 years USD/IDR nears 200-bar SMA, 38.2% Fibonacci retracement confluence. An upward sloping trend-line since September 20 adds to the supports. The last week's top acts as immediate resistance to watch. Although gradual weakness from last week's top drags the USD/IDR pair to a week's bottom, the quote stays above near-term key support confluence while trading around 14,125 during early Monday. 38.2% Fibonacci retracement of mid-September to early October run-up joins 200-bar Simple Moving Average (SMA) while offering the key support confluence near 14,120. Should sellers dominate below that, a four-week-old rising trend-line, at 14,100, will be important to watch. In a… 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.
