USD/IDR seesaws around the four-week low. 38.2% Fibonacci retracement acts as immediate resistance with 14,030 being nearby support. Despite recovering from the monthly bottom, USD/IDR has many upside barriers to clear before restoring bull’s confidence. The quote is on the bids to 14,080 amid Tuesday morning in Asia. Among the many resistances, 38.2% Fibonacci retracement level of April-June declines, around 14,120 acts as an immediate upside barrier. However, a confluence of 200-day Exponential Moving Average (EMA) and a downward sloping trend line since August, around 14,200/10 will be the key to watch as a break of which can trigger pair’s run-up towards 61.8% Fibonacci retracement near 14,350. On the contrary, multiple lows during mid-September offer immediate support around 14,030 ahead of dragging the quote to 23.6% Fibonacci retracement level of 13,975. During the pair’s further declines below 13,975, an ascending trend line since June, at 13,940, should be watched carefully. USD/IDR daily chart Trend: bearish 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 Bitcoin ATMs installation increases by 50%, 1900 ATMs installed last year FX Street 3 years USD/IDR seesaws around the four-week low. 38.2% Fibonacci retracement acts as immediate resistance with 14,030 being nearby support. Despite recovering from the monthly bottom, USD/IDR has many upside barriers to clear before restoring bull's confidence. The quote is on the bids to 14,080 amid Tuesday morning in Asia. Among the many resistances, 38.2% Fibonacci retracement level of April-June declines, around 14,120 acts as an immediate upside barrier. However, a confluence of 200-day Exponential Moving Average (EMA) and a downward sloping trend line since August, around 14,200/10 will be the key to watch as a break of which can trigger pair's… 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.
