USD/IDR has bounced up sharply from the 5-day moving average (MA), reinforcing the bullish view put forward by that ascending technical line. Further, the pair seems to have acceptance above 14,300, a level which proved a tough nut to crack in four out of last six trading days. The 14-day relative strength index (RSI) is also reporting bullish conditions with an above-50 print. In fact, the index is currently at the highest level since October. As a result, the pair looks set to test the resistance at 14,416 (March 8 high). A move higher, however, may remain elusive if Indonesia’s first-quarter growth rate beats the expected quarter-on-quarter contraction of 0.4% by a big margin. The data is due at 04:00 GMT today. Daily chart Trend: Bullish           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 USD/CAD on the bids around 1.3480 as US-China tension weigh on WTI FX Street 3 years USD/IDR has bounced up sharply from the 5-day moving average (MA), reinforcing the bullish view put forward by that ascending technical line. Further, the pair seems to have acceptance above 14,300, a level which proved a tough nut to crack in four out of last six trading days. The 14-day relative strength index (RSI) is also reporting bullish conditions with an above-50 print. In fact, the index is currently at the highest level since October. As a result, the pair looks set to test the resistance at 14,416 (March 8 high). A move higher, however, may remain elusive if Indonesia'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.
