An immediate bearish formation limits USD/IDR moves below key resistances. While a downside break of 13,954 can lure sellers, bulls wait for an upside clearance of 14,109 for fresh impulse. 8-day long rising wedge continues to limit the USD/IDR pair’s near-term moves as it makes the rounds to 14,000 during early Monday morning in Asia. While 14,060 and 13,954 currently mark the bearish pattern’s extremes, a downside break of the support-line can trigger the quote’s fresh downpour targeting monthly low around 13,884 and February month low near 13,858. Meanwhile, 200-bar moving average (4H 200MA) and a 6-week old descending trend-line could keep exerting downside pressure on prices around 14,100 and 14,110. In a case where the quote rallies beyond 14,110, early-month top surrounding 14,240 could be on the buyers’ radar. USD/IDR 4-hour 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 USD/JPY pulling back from daily doji and ahead of trade-talk noise and the Fed FX Street 4 years An immediate bearish formation limits USD/IDR moves below key resistances. While a downside break of 13,954 can lure sellers, bulls wait for an upside clearance of 14,109 for fresh impulse. 8-day long rising wedge continues to limit the USD/IDR pair's near-term moves as it makes the rounds to 14,000 during early Monday morning in Asia. While 14,060 and 13,954 currently mark the bearish pattern's extremes, a downside break of the support-line can trigger the quote's fresh downpour targeting monthly low around 13,884 and February month low near 13,858. Meanwhile, 200-bar moving average (4H 200MA) and a 6-week old descending trend-line… 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.
