USD/IDR technical analysis: Sellers aim for 14,166/70 on another pullback from 61.8% Fibo.

  • USD/IDR struggles between 61.8% Fibonacci retracement and 50-day EMA.
  • A four-week-old rising trend-line adds strength to the support.

With its another U-turn from 61.8% Fibonacci retracement of April-June downpour, USD/IDR aims to revisit 50-day exponential moving average (EMA) while trading near 14,260 amid Friday’s Asian session.

In addition to 50-day EMA, an upward sloping trend-line since July 19 also increases the strength of 14,166/70 support-zone, which if broken could trigger fresh declines to 14,080/75 region including multiple lows marked during late-June and early July.

Alternatively, pair’s daily closing above 14,235 comprising 61.8% Fibonacci retracement can keep prices in check.

Should there be a successful rally beyond 14,235, June high around 14,420 and current month low surrounding 14,583 could lure buyers.

USD/IDR daily chart

Trend: Sideways

    1. R3 14423.98 
    2. R2 14371.58 
    3. R1 14323.32 
  1. PP 14270.93 
    1. S1 14222.67 
    2. S2 14170.28
    3. S3  14122.02


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD flirts with 1.1100 as the dollar loses steam

The EUR/USD pair bounced from a daily low of 1.1065, as demand for the greenback receded during US trading hours. Upside caped for the shared currency amid fears of a German recession, Italian political turmoil.


GBP/USD losses upside momentum at the start of the key day

While optimism surrounding soft Brexit helped the GBP/USD pair to rise on the previous day, the Cable retraces to 1.2165 amid initial Wednesday morning in Asia. The UK PM’s visit to Germany will be closely observed.


USD/JPY: bears moving back to the front

Demand for safe-haven assets picked up in the American session. US 10-year Treasury note yield fell to 1.54% intraday, settles barely above. USD/JPY to resume decline on a break below 106.05, a Fibonacci support.


Gold: Bulls cheer pullback from 10-day EMA

Following its successful bounce off 10-day exponential moving average (EMA), Gold takes the bids to $1507 during the early Asian session on Wednesday. The yellow metal now heads to Friday’s high around $1528 ahead of questioning the monthly top surrounding $1535.

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Planning the next bullish move after consolidating gains

Trading cryptos is not a one-way street – meteoric unstoppable gains belong to the past. Nevertheless, the bullish sentiment seems to prevail. Digital coins advanced on Monday and are consolidating on Tuesday. 

Read more