- USD/IDR registers the third day of declines.
- Mid-November lows will be on bear’s radar during further declines.
- Buyers will wait unless clearing 50% Fibonacci retracement of August-September fall.
USD/IDR drops to 14,090 by the press time of early Thursday in Asia. The pair is on the third day of losing streak but stays above near-term key support confluence.
Unless providing a clear break below 14,087/85 area including a month-long rising support line and 50-Day Simple Moving Average (DMA), prices can keep the monthly upward trajectory that leads to 50% Fibonacci retracement level of 14,130.
It’s worth mentioning that 61.8% Fibonacci retracement near 14,180 and October top close to 14,215 will be the Bull’s favorite during pair’s rise past-14,130.
On the contrary, a daily closing below 14,085 could drag prices to multiple lows marked in mid-November around 14,030 ahead of shifting focus to 14,000 round-figure.
Further, the November month low near 13,965 and September bottom close to 13,910 could lure bears afterward.
USD/IDR daily chart
Trend: Pullback expected
additional imortant levels
|Today last price||14094.3|
|Today Daily Change||-0.7000|
|Today Daily Change %||-0.00%|
|Today daily open||14095|
|Previous Daily High||14162|
|Previous Daily Low||14090.5|
|Previous Weekly High||14296.292|
|Previous Weekly Low||13896.3|
|Previous Monthly High||14296.292|
|Previous Monthly Low||13896.3|
|Daily Fibonacci 38.2%||14117.813|
|Daily Fibonacci 61.8%||14134.687|
|Daily Pivot Point S1||14069.6667|
|Daily Pivot Point S2||14044.3333|
|Daily Pivot Point S3||13998.1667|
|Daily Pivot Point R1||14141.1667|
|Daily Pivot Point R2||14187.3333|
|Daily Pivot Point R3||14212.6667|
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