- USD/IDR continues in a choppy range inside the near-term symmetrical triangle.
- 38.2% Fibonacci retracement level, formation support becomes the key for now.
Despite the USD/IDR pair’s recent U-turn from 50% Fibonacci retracement, it stays inside a multi-week long symmetrical triangle while taking rounds to 14,140 during early Friday.
Sellers await a clear break of 14,115, comprising pattern’s support and 38.2% Fibonacci retracement of April-June downpour, in order to aim for 14,000.
However, 13,880 might question bears during further weakness, if not then June low nearing 13,750 will be on their radar.
On the upside, 50% Fibonacci retracement level of 14,230 acts as an immediate resistance ahead of the upper line of the triangle, at 14,250.
Should prices clear 14,250, 61.8% Fibonacci retracement near 14,345, followed by 14,420 could lure buyers.
USD/IDR daily chart
additional important levels
|Today last price||14138.5|
|Today Daily Change||-5.0000|
|Today Daily Change %||-0.04%|
|Today daily open||14143.5|
|Previous Daily High||14228|
|Previous Daily Low||14134.5|
|Previous Weekly High||14268|
|Previous Weekly Low||14086.5|
|Previous Monthly High||14276.5|
|Previous Monthly Low||13883|
|Daily Fibonacci 38.2%||14170.217|
|Daily Fibonacci 61.8%||14192.283|
|Daily Pivot Point S1||14109.3333|
|Daily Pivot Point S2||14075.1667|
|Daily Pivot Point S3||14015.8333|
|Daily Pivot Point R1||14202.8333|
|Daily Pivot Point R2||14262.1667|
|Daily Pivot Point R3||14296.3333|
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