USD/IDR technical analysis: 100/200-DMA confluence again at test with bullish MACD

  • USD/IDR stays below key moving averages despite bullish MACD.
  • A pullback can revisit 23.6% Fibonacci retracement while an upside break may challenge 14,340/50 supply-zone.

Following its positive closing on the previous-day, mainly based on the Bank Indonesia’s (BI) rate cut, USD/IDR trades near 14,100 during the Asian session on Friday.

Bullish signal by 12-day moving average convergence and divergence (MACD) indicator paves the way for the pair’s another confrontation to the 14,190/200 area including the 100-day and 200-day simple moving averages (DMA).

Should the pair manages to cross the key upside barrier, its rally towards 14,340/50 region comprising multiple highs marked in late-August and 61.8% Fibonacci retracement of April-June decline will be challenged.

Meanwhile, 14,040 and 23.6% Fibonacci retracement around 13,970 could entertain sellers during the pullback ahead of challenging them with a horizontal-line around 13,880.

USD/IDR daily chart

Trend: sideways

additional important levels

Today last price 14106.95
Today Daily Change -4.5500
Today Daily Change % -0.03%
Today daily open 14111.5
Daily SMA20 14126.03
Daily SMA50 14126.015
Daily SMA100 14199.249
Daily SMA200 14193.4902
Previous Daily High 14141.5
Previous Daily Low 14038
Previous Weekly High 14112.4
Previous Weekly Low 13883
Previous Monthly High 14582.9
Previous Monthly Low 14075
Daily Fibonacci 38.2% 14101.963
Daily Fibonacci 61.8% 14077.537
Daily Pivot Point S1 14052.5
Daily Pivot Point S2 13993.5
Daily Pivot Point S3 13949
Daily Pivot Point R1 14156
Daily Pivot Point R2 14200.5
Daily Pivot Point R3 14259.5



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