61.8% Fibonacci retracement, 3-month resistance-line limit USD/IDR upside. 200-day EMA, 50% Fibonacci retracement together forms the key support. Failure to cross 61.8% Fibonacci retracement of May-June downpour presently drags the USD/IDR pair towards key support-confluence as it trades near 14,247 during Friday morning in Asia. The 50% Fibonacci Retracement and 200-day exponential moving average (EMA) portrays 14,230/29 support for sellers to watch during further declines, a break of which can recall June-start low near 14,157 and multiple lows marked during early July month surrounding 14,080. On the upside, pair’s ability to cross 61.8% Fibonacci retracement level of 14,344 needs to cross 14-week-long resistance-line, at 14,385 now, in order to justify its strength to question June month top of 14,418. Traders should also watch over 14-day relative strength index (RSI) that’s currently near the overbought territory and favors the latest pullback. 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 USD/JPY registers biggest single-day drop in two-years, risk-off favor deeper slide FX Street 4 years 61.8% Fibonacci retracement, 3-month resistance-line limit USD/IDR upside. 200-day EMA, 50% Fibonacci retracement together forms the key support. Failure to cross 61.8% Fibonacci retracement of May-June downpour presently drags the USD/IDR pair towards key support-confluence as it trades near 14,247 during Friday morning in Asia. The 50% Fibonacci Retracement and 200-day exponential moving average (EMA) portrays 14,230/29 support for sellers to watch during further declines, a break of which can recall June-start low near 14,157 and multiple lows marked during early July month surrounding 14,080. On the upside, pair's ability to cross 61.8% Fibonacci retracement level of 14,344 needs to… 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.
