USD/IDR: Firm above 13,700 amid mixed catalysts from home and abroad

  • USD/IDR stays modestly positive after gaining the previous day.
  • Risks of coronavirus, political tension at home confront the trade-positive signals.
  • Qualitative indicators keep the risk tone heavy, economics follow the suit.

USD/IDR stays first around 13,710 during the Asian session on Friday. The coronavirus risk offered the latest upside push to the pair while talks of the trade deal between Indonesia and Australia failed to please the sellers. Also, favoring the pair’s strength is political noise at home as the government has denied taking back ex-IS military officials into the nation.

Following a surge in coronavirus cases to 14,840, due to the change in method of diagnosing the epidemic, the people infected from the virus recede to 4,823 as far as statistics from Hubei are concerned. However, the number of people in serious and critical condition rose to 9,638 from 7,084 prior.

At home, the government has banned citizens who are returning from the Islamic State group in Syria while citing security concerns. The move has been criticized much but has so far failed to push the nation towards a change in position.

Further, the Indonesia-Australia trade deal is much in the focus and could please farmers for the upcoming 100 days. However, recently languishing data at home pushes the government to accelerate spending, which was confirmed by the Finance Minister Sri Mulyani Indrawati while citing coronavirus fears on Tuesday.

In addition to the coronavirus updates, USD/IDR traders will have to follow the domestic geopolitical headlines and the US data for fresh impulse.

Technical Analysis

Multiple lows from late-January highlight 13,600 as the key support whereas 50-day SMA near 13,800 limits short-term upside.

Additional important levels

Today last price 13696.5
Today Daily Change -6.5000
Today Daily Change % -0.05%
Today daily open 13703
Daily SMA20 13677.525
Daily SMA50 13812.3165
Daily SMA100 13954.5515
Daily SMA200 14072.4115
Previous Daily High 13796.5385
Previous Daily Low 13586.7255
Previous Weekly High 13834.218
Previous Weekly Low 13600
Previous Monthly High 14023
Previous Monthly Low 13217.378
Daily Fibonacci 38.2% 13716.3899
Daily Fibonacci 61.8% 13666.8741
Daily Pivot Point S1 13594.3042
Daily Pivot Point S2 13485.6083
Daily Pivot Point S3 13384.4912
Daily Pivot Point R1 13804.1172
Daily Pivot Point R2 13905.2343
Daily Pivot Point R3 14013.9302



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD trying to set an interim bottom

EUR/USD has been consolidating around 1.0800 for a second consecutive day, ignoring risk-off and broad dollar’s demand. The case for a corrective advance becomes stronger.


USD/JPY stabilizes around 112.00 fresh 2020 highs

The USD/JPY pair has finally stalled at 112.22 but holds on to most of its latest gains. Buyers defending the downside in the 111.60/70 price zone.


AUD/USD at an over one-decade low near 0.6600

An uptick in the Australian unemployment rate, moving further away from RBA’s desired 4.5% level took its toll on the Aussie, also pressured by ruling risk-off.


Gold jumps to the highest level since February 2013, around $1620 area

Gold reversed an early dip to the $1604 area and jumped to fresh multi-year tops during the mid-European session on Thursday.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info