USD/IDR technical analysis: Sellers keep luring around 6-day old resistance-line

  • 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
Daily SMA20 14185.25
Daily SMA50 14145.463
Daily SMA100 14199.507
Daily SMA200 14237.003
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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