The USD/IDR pair still has support at 13973.00/13931.00 in its sights which is likely to once again hold, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. Key quotes “We believe that the 13987.00/13931.00 support zone, including the February, July, September, November 2019 as well as the June 2020 lows, will be revisited before year-end but should then hold. While this is the case, the July and August lows at 14406.00/14517.00 may also be retested but at a later stage.” “While the cross remains below the 14860.34/14882.91 late October high and the 200-day moving average, overall downside pressure should remain in play.” “Below the 13897.00/13931.00 support area key support can be seen between the January and February lows at 13627.00/13592.00.” 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 US growth to surge in early 2021 like a coiled spring – Morgan Stanley FX Street 2 years The USD/IDR pair still has support at 13973.00/13931.00 in its sights which is likely to once again hold, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. Key quotes “We believe that the 13987.00/13931.00 support zone, including the February, July, September, November 2019 as well as the June 2020 lows, will be revisited before year-end but should then hold. While this is the case, the July and August lows at 14406.00/14517.00 may also be retested but at a later stage.” “While the cross remains below the 14860.34/14882.91 late October high and the 200-day moving average, overall downside pressure should… 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.
