USD/IDR fails to hold on to recovery gains amid bearish MACD. 23.6% Fibonacci retracement becomes nearby support to watch unless the pair trades below 14,143/50 resistance-zone. USD/IDR falls short of extending Friday’s pullback as it trades near 14,130 during the early Asian session on Monday. With the bearish signal from 12-bar Moving Average Convergence and Divergence (MACD), the pair is likely to decline further towards 14,048/38 support area including 23.6% Fibonacci retracement of August-September downpour and September 20 low. During the pair’s further weakness below 14,038, 14,000 and September month low nearing 13,880 could lure sellers. Meanwhile, pair’s successful break above 14,143/50 resistance-region comprising 38.2% Fibonacci retracement and 21-day Simple Moving Average (SMA) could trigger fresh run-up to 50% Fibonacci retracement level of 14,233 whereas a falling trend line since late-August, at 14,245, might challenge bulls afterward. 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 UK firms to cut hiring in next 12 months – Deloitte FX Street 4 years USD/IDR fails to hold on to recovery gains amid bearish MACD. 23.6% Fibonacci retracement becomes nearby support to watch unless the pair trades below 14,143/50 resistance-zone. USD/IDR falls short of extending Friday's pullback as it trades near 14,130 during the early Asian session on Monday. With the bearish signal from 12-bar Moving Average Convergence and Divergence (MACD), the pair is likely to decline further towards 14,048/38 support area including 23.6% Fibonacci retracement of August-September downpour and September 20 low. During the pair's further weakness below 14,038, 14,000 and September month low nearing 13,880 could lure sellers. Meanwhile, pair's successful break… 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.
