USD/IDR declines from seven-day high, repeats the failure to cross 14,360. 50% and 61.8% Fibonacci retracements could flash on bears’ radars. Even after rising to seven-day high, USD/IDR fails to grow part 14,260 as it declines to 14,267 during the Asian session on Wednesday. The quote registers multiple failures to cross the August 13 high near 14,360, making it the tough nut to crack for buyers, a break of which can trigger fresh rally towards 23.6% Fibonacci retracement of July-August rise, at 14,418, whereas monthly top surrounding 14,520 will lure buyers afterward. The current pullback highlights the importance of 50% Fibonacci retracement level of 14,234 ahead of emphasizing 14,152 number that includes 61.8% Fibonacci retracement. In a case where prices dip beneath 14,150 round-figure, monthly bottom close to 14,075 may offer an intermediate halt to the south-run targeting sub-14,000 level. USD/IDR 4-hour 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: Steady in the opening hour of Tokyo, eyes on downside FX Street 4 years USD/IDR declines from seven-day high, repeats the failure to cross 14,360. 50% and 61.8% Fibonacci retracements could flash on bears' radars. Even after rising to seven-day high, USD/IDR fails to grow part 14,260 as it declines to 14,267 during the Asian session on Wednesday. The quote registers multiple failures to cross the August 13 high near 14,360, making it the tough nut to crack for buyers, a break of which can trigger fresh rally towards 23.6% Fibonacci retracement of July-August rise, at 14,418, whereas monthly top surrounding 14,520 will lure buyers afterward. The current pullback highlights the importance of 50%… 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.
