Repeated failures to cross key near-term upside barriers portray USD/IDR weakness. Immediate ascending trend-line can limit the pair’s declines. Not only medium-term descending trend-line but 21-day moving average (DMA) also limits USD/IDR upside as it takes the rounds to 14,020 during Asian trading session on Tuesday. In order to question the downward sloping resistance-line stretched since late-May, at 14,084, the quote first needs a successful break beyond 21-DMA level of 14,033. If prices rise above 14,084, 100-DMA figure of 14,196 and current month high at 14,240 can lure buyers. On the contrary, July 19 high around 13,980 and a short-term ascending trend-line near 13,930 can entertain sellers ahead of pushing them to question month’s low at 13,884. 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 WTI: Eeking out gains onto the $57 handle FX Street 4 years Repeated failures to cross key near-term upside barriers portray USD/IDR weakness. Immediate ascending trend-line can limit the pair's declines. Not only medium-term descending trend-line but 21-day moving average (DMA) also limits USD/IDR upside as it takes the rounds to 14,020 during Asian trading session on Tuesday. In order to question the downward sloping resistance-line stretched since late-May, at 14,084, the quote first needs a successful break beyond 21-DMA level of 14,033. If prices rise above 14,084, 100-DMA figure of 14,196 and current month high at 14,240 can lure buyers. On the contrary, July 19 high around 13,980 and a short-term… 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.
