USD/IDR refrains from extending latest pullback, stays below three-month-old rising trend-line. 23.6% of Fibonacci retracement gains sellers’ attention. USD/IDR remains on the back foot while taking rounds to 14,044 during the Asian session on Wednesday. Having breached a rising trend-line since mid-June, prices fail to the same resistance, which in turn increases the odds of the pair’s further declines towards 23.6% Fibonacci retracement level of December 2018 to June 2019 south-run, close to 13,980. In a case where the quote remains weak past-13,980, July month low surrounding 13,880 could offer an intermediate halt to the downward trajectory towards the yearly bottom near 13,750. Meanwhile, pair’s ability to cross the support-turned-resistance line of 14,100 can propel it towards 21-day exponential moving average (EMA) level of 14,150 whereas 50% Fibonacci retracement level adjacent to 14,240 could satiate buyers afterward. 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 Australian consumer sentiment: -1.7% MoM vs the prior +3.6% FX Street 4 years USD/IDR refrains from extending latest pullback, stays below three-month-old rising trend-line. 23.6% of Fibonacci retracement gains sellers' attention. USD/IDR remains on the back foot while taking rounds to 14,044 during the Asian session on Wednesday. Having breached a rising trend-line since mid-June, prices fail to the same resistance, which in turn increases the odds of the pair's further declines towards 23.6% Fibonacci retracement level of December 2018 to June 2019 south-run, close to 13,980. In a case where the quote remains weak past-13,980, July month low surrounding 13,880 could offer an intermediate halt to the downward trajectory towards the yearly… 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.
