USD/IDR technical analysis: On a defensive below immediate resistance-line, eyes 50-day EMA, 61.8% Fibo.


  • USD/IDR remains on a back foot lobe seven-day old falling trend-line.
  • 50-day EMA, 61.8% Fibonacci retracement gain sellers’ attention.
  • MACD, RSI signal further weakness.

With the key technical indicators limiting the USD/IDR pair’s moves, the quote seesaws near 14,230 during early Thursday.

In addition to the downward sloping trend-line since August 13 limiting the pair’s immediate upside, at 14,333, gradually declining 14-bar relative strength index (RSI) and 12-bar moving average convergence and divergence (MACD) also portrays the pair’s weakness.

As a result, chances of its declines to 50-day exponential moving average (EMA) level around 14,180 and then a following drop to 61.8% Fibonacci retracement of July-August upside, at 14,150, can well be anticipated.

During the pair’s south-run past-14,150, 14,000 and July 19 low near 13,880 gains sellers’ attention.

Alternatively, an upside break of 14,333 resistance-line can trigger fresh increase towards 23.6% Fibonacci retracement level close to 14,420 whereas monthly high near 14,580 will lure bulls then after.

USD/IDR daily chart

Trend: Bearish

Additional important levels

Overview
Today last price 14227.5
Today Daily Change -1.0500
Today Daily Change % -0.01%
Today daily open 14228.55
 
Trends
Daily SMA20 14197.7025
Daily SMA50 14143.174
Daily SMA100 14200.1725
Daily SMA200 14234.1957
Levels
Previous Daily High 14330.1
Previous Daily Low 14213.05
Previous Weekly High 14363.5
Previous Weekly Low 14155.05
Previous Monthly High 14240
Previous Monthly Low 13884
Daily Fibonacci 38.2% 14257.7631
Daily Fibonacci 61.8% 14285.3869
Daily Pivot Point S1 14184.3667
Daily Pivot Point S2 14140.1833
Daily Pivot Point S3 14067.3167
Daily Pivot Point R1 14301.4167
Daily Pivot Point R2 14374.2833
Daily Pivot Point R3 14418.4667

 

 

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