|

USD/IDR technical analysis: Pullback from range resistance can recall 100-day SMA

  • A week-long trading range continues to limit the momentum.
  • Sustained trading beyond 100-day SMA indicates the pair’s strength.

Having to witness another pullback from its short-term trading range, USD/IDR is presently close to 23.6% Fibonacci retracement support while taking the rounds near 14,244 during early Tuesday.

During the quote’s declines under 14,230 rest-points, 100-day simple moving average (SMA) level of 14,188 and a week-long range’s bottom around 14,160/55 could be on the sellers’ cards.

However, pair’s extended downpour past-14,155 might not refrain from visiting 14,120, 14,000 and April month low near 13,970.

Meanwhile, 14,290 is the range cap that could hold the pair momentum chained whereas 21-day SMA level of 14,350 could please buyers afterward.

In a case where prices rally beyond 14,350, 38.2% Fibonacci retracement of October 2018 to February 2019, at 14,460, might grab the spotlight.

USD/IDR daily chart

Trend: Sideways to bullish

    1. R3 14356
    2. R2 14315.5
    3. R1 14268.75
  1. PP 14228.25
    1. S1 14181.5
    2. S2 14141
    3. S3 14094.25

Author

Anil Panchal

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

More from Anil Panchal
Share:

Editor's Picks

EUR/USD consolidates around 1.0900, bullish bias remains ahead of key US data

The EUR/USD pair is seen consolidating its strong gains registered over the past two days and oscillating in a narrow band during the Asian session on Tuesday. Spot prices currently trade around the 1.1900 mark, just below an over one-week high touched the previous day.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300. 

Gold: Will US Retail Sales data propel it above $5,100?

Gold hovers below weekly highs of $5,087 early Tuesday, await US Retail Sales data. The US Dollar enters a downside consolidation phase amid persistent Japanese Yen strength and worsening labor market. Gold settled Monday above $5,000, now looks to take out $5,100 amid bullish daily RSI.

Top Crypto Gainers: World Liberty Financial, MemeCore and Quant gain momentum

World Liberty Financial, MemeCore, and Quant are leading gains over the last 24 hours as the broader cryptocurrency market stabilizes after last week’s correction. Still, the technical outlook for altcoins remains mixed due to prevailing downside pressure and vulnerable market sentiment. 

The market is buying everything again but is it dancing on a borrowed floor

The market has a short memory and a fast trigger finger. Last week’s liquidation barely cooled before risk came roaring back, pushing the S&P toward record territory and reinstalling Big Tech as the engine of choice. This is not discovery. It is re exposure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.