USD/IDR Price News: Indonesia rupiah stays on the bears’ radars above 14,300


  • USD/IDR eases from the monthly top, justifies the strength of 200-day EMA resistance.
  • Two-month-old resistance-turned-support keeps the pair buyers hopeful amid bullish MACD.
  • Sellers can target fresh low under 13,870 in case of additional weakness.

USD/IDR drops to 14,353, down 0.89% on a day, during the pre-European session on Tuesday. In doing so, the pair defies the previous day’s upside momentum that questioned the monthly high.

However, the optimism still prevails as the quote keeps the upside break of a descending trend line from April 22. Also supporting the buyers could be the bullish MACD as well as higher low formations during the current month.

As a result, the USD/IDR prices may again attack a 200-day EMA level of 14,545 to visit the late-May top surrounding 15,020. During the pair’s further upside past-15,020, April 20 bottom close to 15,375 may return to the charts.

Alternatively, the pair’s declines below the resistance-turned-support line, at 14,110 now, could escalate the recent weakness towards challenging the monthly low of 13,853. It should, however, be noted that the pair’s extended fall below 13,853 may take rest on the early-February high near 13,830.

USD/IDR daily chart

Trend: Further upside expected

Additional important levels

Overview
Today last price 14349.5
Today Daily Change -128.5000
Today Daily Change % -0.89%
Today daily open 14478
 
Trends
Daily SMA20 14163.9012
Daily SMA50 14694.9315
Daily SMA100 14836.8936
Daily SMA200 14406.3065
 
Levels
Previous Daily High 14621
Previous Daily Low 14180.0745
Previous Weekly High 14381
Previous Weekly Low 14058.45
Previous Monthly High 15177
Previous Monthly Low 14610
Daily Fibonacci 38.2% 14452.5665
Daily Fibonacci 61.8% 14348.508
Daily Pivot Point S1 14231.7163
Daily Pivot Point S2 13985.4327
Daily Pivot Point S3 13790.7908
Daily Pivot Point R1 14672.6418
Daily Pivot Point R2 14867.2837
Daily Pivot Point R3 15113.5673

 

 

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