Ascending trend-channel signals pair’s strength. Overbought RSI challenges buyers near the early-January high. USD/IDR is on the bids near the intra-day high of 14,345 during the Asian session on Friday. While a fortnight old ascending trend-channel portrays the pair’s strength, it still needs to surpass January 07 highs in order to escalate recent upside. In doing so, channel-resistance at 14,425 can act as nearby important resistance while overbought levels of 14-day relative strength index (RSI) could question further advances. Should buyers refrain from respecting overbought RSI and cross 14,425 resistance, 200-day simple moving average (SMA) level near 14,475 and year’s top near 14,490 could be on their radar next. Meanwhile, 14,310 figure comprising channel support could limit the quote’s immediate declines, a break of which highlights 50% Fibonacci retracement level of the pair’s decline from late-November to February at 14,274. Additionally, pair’s downturn below 14,274 can please sellers with 14,150 and 14,100 rest-points ahead of pushing them towards 14,000 round-figure. USD/IDR daily chart Trend: Positive  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 US-China talks are over for this evening – RTRS FX Street 3 years Ascending trend-channel signals pair's strength. Overbought RSI challenges buyers near the early-January high. USD/IDR is on the bids near the intra-day high of 14,345 during the Asian session on Friday. While a fortnight old ascending trend-channel portrays the pair's strength, it still needs to surpass January 07 highs in order to escalate recent upside. In doing so, channel-resistance at 14,425 can act as nearby important resistance while overbought levels of 14-day relative strength index (RSI) could question further advances. Should buyers refrain from respecting overbought RSI and cross 14,425 resistance, 200-day simple moving average (SMA) level near 14,475 and year'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.
