USD/IDR pulls back from near-term key bullish chart patterns. 23.6% Fibonacci retracement, July-September lows on sellers’ radar. Bulls can target 61.8% Fibonacci retracement during the upside break. With the multi-month-old descending triangle formation restricting the USD/IDR pair’s immediate moves, the quote drops to 14,090 by the press time of Wednesday’s Asian session. The quote needs to provide a clear break above the bullish formation resistance, at 14,200, in order to aim for 61.8% Fibonacci retracement of April-June downtick, at 14,344. Though, pair’s further upside might not refrain from challenging August month top near 14,580 followed by May month highs close to 14,670. Meanwhile, 23.6% Fibonacci retracement and lows marked since July, close to 13,970 and 13,880 respectively, can keep sellers entertained ahead of diverting them to June month low near 13,750. 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 China widely expected to trim lending benchmark LPR – Reuters FX Street 3 years USD/IDR pulls back from near-term key bullish chart patterns. 23.6% Fibonacci retracement, July-September lows on sellers' radar. Bulls can target 61.8% Fibonacci retracement during the upside break. With the multi-month-old descending triangle formation restricting the USD/IDR pair's immediate moves, the quote drops to 14,090 by the press time of Wednesday's Asian session. The quote needs to provide a clear break above the bullish formation resistance, at 14,200, in order to aim for 61.8% Fibonacci retracement of April-June downtick, at 14,344. Though, pair's further upside might not refrain from challenging August month top near 14,580 followed by May month highs close… 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.
