USD/IDR is taking the rounds near 14,100 during early Monday. The pair has been on a recovery mode since unofficial polls confirmed the present incumbent as the President of Indonesia. However, a downward sloping trend-line since April 04 at 14,110 and another resistance-line connecting March highs to the April ones, neat 14,180 can question buyers. Should the Bulls manage to conquer 14,180 on a daily closing basis, 14,260 and 14,340 can act as intermediate halts ahead of highlighting 200-day simple moving average (SMA) near 14,490. Meanwhile, 14,000 is likely acting as nearby support for the quote, a break of which can fetch the quote to February lows near 13,970. Given the pair’s sustained downturn beneath 13,970, sellers can aim for 13,895 and June 2018 lows near 13,845. 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 BoC to officially shift to a neutral bias this week? – RBC FX Street 4 years USD/IDR is taking the rounds near 14,100 during early Monday. The pair has been on a recovery mode since unofficial polls confirmed the present incumbent as the President of Indonesia. However, a downward sloping trend-line since April 04 at 14,110 and another resistance-line connecting March highs to the April ones, neat 14,180 can question buyers. Should the Bulls manage to conquer 14,180 on a daily closing basis, 14,260 and 14,340 can act as intermediate halts ahead of highlighting 200-day simple moving average (SMA) near 14,490. Meanwhile, 14,000 is likely acting as nearby support for the quote, a break of which… 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.
