USD/IDR keeps it below the two-month-old resistance line. Another falling trend line since late-September acts as nearby key support. Despite clearing 61.8% Fibonacci retracement of August-September downpour, USD/IDR fails to cross key resistance while taking rounds to 14,177 amid Asian session on Thursday. Should prices stay beneath 61.8% Fibonacci retracement level of 14,180, 14,100 and a short-term falling support line at 14,070 seems to entertain sellers. In a case where bears dominate below 14,070, the 14,000 round-figure can offer intermediate halt to pair’s slump targeting 13,880. Meanwhile, an upside clearance above 14,245 resistance-line will trigger a fresh rise towards 14,280 and 14,350 numbers to the north. 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 NZD/USD technical analysis: Holds just below 200-hour SMA, 0.6300 pivotal point FX Street 4 years USD/IDR keeps it below the two-month-old resistance line. Another falling trend line since late-September acts as nearby key support. Despite clearing 61.8% Fibonacci retracement of August-September downpour, USD/IDR fails to cross key resistance while taking rounds to 14,177 amid Asian session on Thursday. Should prices stay beneath 61.8% Fibonacci retracement level of 14,180, 14,100 and a short-term falling support line at 14,070 seems to entertain sellers. In a case where bears dominate below 14,070, the 14,000 round-figure can offer intermediate halt to pair's slump targeting 13,880. Meanwhile, an upside clearance above 14,245 resistance-line will trigger a fresh rise towards 14,280… 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.
