USD/IDR trails a week-long descending trend-line. 14,160/50 and 200-DMA become crucial downside supports. USD/IDR takes another turn from a six-day-old resistance-line as it declines to 14,260 during Wednesday’s Asian session. The quote can take a halt near 50% Fibonacci retracement of July-August upside, at 14,233, ahead of visiting the key 14,160/50 support-zone including 13-day long horizontal-line and 61.8% Fibonacci retracement. In a case prices slip below 14,150, 200-day simple moving average (DMA) at 14,118 can question sellers targeting 14,000 round-figure. Meanwhile, pair’s successful run-up beyond 14,340 resistance-line can trigger fresh rally towards 23.6% Fibonacci retracement level of 14,418 whereas 14,443 and 14,583 could entertain buyers afterward. 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: Dollar’s progress stalls on softer US yields and weakness in stocks FX Street 4 years USD/IDR trails a week-long descending trend-line. 14,160/50 and 200-DMA become crucial downside supports. USD/IDR takes another turn from a six-day-old resistance-line as it declines to 14,260 during Wednesday's Asian session. The quote can take a halt near 50% Fibonacci retracement of July-August upside, at 14,233, ahead of visiting the key 14,160/50 support-zone including 13-day long horizontal-line and 61.8% Fibonacci retracement. In a case prices slip below 14,150, 200-day simple moving average (DMA) at 14,118 can question sellers targeting 14,000 round-figure. Meanwhile, pair's successful run-up beyond 14,340 resistance-line can trigger fresh rally towards 23.6% Fibonacci retracement level of 14,418 whereas 14,443… 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.
