- 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
Additional important levels
|Today last price||14227.5|
|Today Daily Change||-1.0500|
|Today Daily Change %||-0.01%|
|Today daily open||14228.55|
|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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