USD/IDR stays in a fortnight-old trading range while stepping back from 200-day EMA. Bearish MACD signal underlying weakness in momentum, 14,350/65 could please buyers during upside break. USD/IDR registers another pullback from 200-day Exponential Moving Average (EMA) while taking rounds to 14,170 during Wednesday’s Asian session. Considering bearish signal from 12-bar Moving Average Convergence and Divergence (MACD), the pair is likely declining towards the lower end of the short-term trading range, near 14,085/80. However, pair’s further downside might struggle around 14,040/35 and 14,000 rest-points, if not then the yearly low nearing 13,880 will lure bears. Meanwhile, pair’s daily closing above 200-day EMA level of 14,202 can question range’s resistance, around 14,270/75, a break of which could trigger fresh run-up towards 14,350/65 area including highs marked since mid-August. It should also be noted that the pair’s rise above 14,365 might not hesitate to push bulls in the direction to 14,420 and August month high surrounding 14,585. USD/IDR daily 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 WTI technical analysis: 50% Fibo of major range capps advances, eyes on a test below $50 handle FX Street 4 years USD/IDR stays in a fortnight-old trading range while stepping back from 200-day EMA. Bearish MACD signal underlying weakness in momentum, 14,350/65 could please buyers during upside break. USD/IDR registers another pullback from 200-day Exponential Moving Average (EMA) while taking rounds to 14,170 during Wednesday's Asian session. Considering bearish signal from 12-bar Moving Average Convergence and Divergence (MACD), the pair is likely declining towards the lower end of the short-term trading range, near 14,085/80. However, pair's further downside might struggle around 14,040/35 and 14,000 rest-points, if not then the yearly low nearing 13,880 will lure bears. Meanwhile, pair's daily closing above… 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.
