- USD/IDR nears 200-bar SMA, 38.2% Fibonacci retracement confluence.
- An upward sloping trend-line since September 20 adds to the supports.
- The last week’s top acts as immediate resistance to watch.
Although gradual weakness from last week’s top drags the USD/IDR pair to a week’s bottom, the quote stays above near-term key support confluence while trading around 14,125 during early Monday.
38.2% Fibonacci retracement of mid-September to early October run-up joins 200-bar Simple Moving Average (SMA) while offering the key support confluence near 14,120. Should sellers dominate below that, a four-week-old rising trend-line, at 14,100, will be important to watch.
In a case where prices keep declining below 14,100, 61.8% Fibonacci retracement level of 14,030 and 14,000 will flash on bears’ radar.
Alternatively, pair’s rise above last week’s high nearing 14,230 can escalate the recovery towards 14,270/75 area that includes the monthly top.
USD/IDR 4-hour chart
additional important levels
|Today last price||14129|
|Today Daily Change||1.5000|
|Today Daily Change %||0.01%|
|Today daily open||14127.5|
|Previous Daily High||14199.5|
|Previous Daily Low||14123|
|Previous Weekly High||14228|
|Previous Weekly Low||14085|
|Previous Monthly High||14276.5|
|Previous Monthly Low||13883|
|Daily Fibonacci 38.2%||14152.223|
|Daily Fibonacci 61.8%||14170.277|
|Daily Pivot Point S1||14100.5|
|Daily Pivot Point S2||14073.5|
|Daily Pivot Point S3||14024|
|Daily Pivot Point R1||14177|
|Daily Pivot Point R2||14226.5|
|Daily Pivot Point R3||14253.5|
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