USD/IDR Price Analysis: Refreshes six-month high on the break of medium-term trendline

USD/IDR stays positive above 200-day SMA, key resistance line (now support).
August month’s tops are on the bulls’ radars.
Overbought RSI might trigger the pair’s pullback.

Anil Panchal FXStreet

USD/IDR currently takes the bids to 14,270, up 0.83%, following its fresh six-month top of 14,324 marked during the early Friday. That said, the pair recently crossed a downward sloping trend line from April 2019 while also extending its run-up beyond 200-day SMA.

Even so, overbought RSI conditions are challenging any further upside, which if ignored could push the buyers towards August 13 high around 14,370.

Given the Bulls’ dominance past-14,370, August 2019 high near 14,580 and tops marked in May 2019, around 14,660, will be in the spotlight.

On the contrary, the pair’s pullback moves below the resistance-turned-support line of 14,240 can highlight the 200-day SMA level of 14,060 and 14,000 for sellers.

Should there be a further decline below 14,000, the early-month top near 13,830 can return to the charts.

USD/IDR daily chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	14315.8
Today Daily Change	162.8000
Today Daily Change %	1.15%
Today daily open	14153

Trends
Daily SMA20	13777.165
Daily SMA50	13781.9525
Daily SMA100	13921.902
Daily SMA200	14042.4105

Levels
Previous Daily High	14177.05
Previous Daily Low	13908
Previous Weekly High	13901.55
Previous Weekly Low	13652
Previous Monthly High	14023
Previous Monthly Low	13217.378
Daily Fibonacci 38.2%	14074.2729
Daily Fibonacci 61.8%	14010.7771
Daily Pivot Point S1	13981.65
Daily Pivot Point S2	13810.3
Daily Pivot Point S3	13712.6
Daily Pivot Point R1	14250.7
Daily Pivot Point R2	14348.4
Daily Pivot Point R3	14519.75

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.