- USD/IDR trails a week-long descending trend-line.
- 14,160/50 and 200-DMA become crucial downside supports.
USD/IDR takes another turn from a six-day-old resistance-line as it declines to 14,260 during Wednesday’s Asian session.
The quote can take a halt near 50% Fibonacci retracement of July-August upside, at 14,233, ahead of visiting the key 14,160/50 support-zone including 13-day long horizontal-line and 61.8% Fibonacci retracement.
In a case prices slip below 14,150, 200-day simple moving average (DMA) at 14,118 can question sellers targeting 14,000 round-figure.
Meanwhile, pair’s successful run-up beyond 14,340 resistance-line can trigger fresh rally towards 23.6% Fibonacci retracement level of 14,418 whereas 14,443 and 14,583 could entertain buyers afterward.
USD/IDR 4-hour chart
Trend: Pullback expected
Additional important levels
|Today last price||14260.05|
|Today Daily Change||1.0000|
|Today Daily Change %||0.01%|
|Today daily open||14259.05|
|Previous Daily High||14341.3|
|Previous Daily Low||14234|
|Previous Weekly High||14363.5|
|Previous Weekly Low||14155.05|
|Previous Monthly High||14240|
|Previous Monthly Low||13884|
|Daily Fibonacci 38.2%||14274.9886|
|Daily Fibonacci 61.8%||14300.3114|
|Daily Pivot Point S1||14214.9333|
|Daily Pivot Point S2||14170.8167|
|Daily Pivot Point S3||14107.6333|
|Daily Pivot Point R1||14322.2333|
|Daily Pivot Point R2||14385.4167|
|Daily Pivot Point R3||14429.5333|
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