Despite recovering past-Indonesian election, the USD/IDR pair still has multiple upside resistances to clear to justify its strength while it trades near 14,120 during early Wednesday. The first resistance being 14,1485/90 confluence including 38.2% Fibonacci retracement of December 2018 to February 2019 downturn and a four-week long descending trend-line. Should prices manage to cross 14,190, 100-day simple moving average (SMA) near 14,210 and a downward sloping trend-line since early-March at 14,265 might lure the buyers. Additionally, the pair’s successful rise above 14,265 highlights 14,330/40 resistance-area for the Bulls to observe. Meanwhile, 23.6% Fibonacci retracement level near 14,060 and 14,000 could act as immediate support for the pair, a break of which can recall early-month lows near 13,970. During the quote’s extended south-run beneath 13,970, 13,940, 13,870 and 13,855 are likely to become bears’ favorites. USD/IDR daily chart Trend: Pullback expected 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 Australia: Confidence jumps to its highest for 2019 – ANZ FX Street 4 years Despite recovering past-Indonesian election, the USD/IDR pair still has multiple upside resistances to clear to justify its strength while it trades near 14,120 during early Wednesday. The first resistance being 14,1485/90 confluence including 38.2% Fibonacci retracement of December 2018 to February 2019 downturn and a four-week long descending trend-line. Should prices manage to cross 14,190, 100-day simple moving average (SMA) near 14,210 and a downward sloping trend-line since early-March at 14,265 might lure the buyers. Additionally, the pair's successful rise above 14,265 highlights 14,330/40 resistance-area for the Bulls to observe. Meanwhile, 23.6% Fibonacci retracement level near 14,060 and 14,000 could… 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.
