- USD/IDR takes the bids towards 61.8% Fibonacci retracement after the recent bullish candlestick formation.
- A downside break below the multi-month-old rising trend line will please bears.
Following the bullish candlestick formation on Monday, as per the daily (D1) chart, the USD/IDR pair takes the bids to 14,042 by the press time of early Tuesday.
The quote now rises towards 61.8% Fibonacci retracement of June-August upside, at 14,065, ahead of confronting 21-day Exponential Moving Average (EMA) level of 14,090.
Buyers could cheer the break of 14,090 by challenging 50% and 38.2% Fibonacci retracements of 14,165 and 14,263 respectively,
On the contrary, the pair’s downside has been confined by the upward sloping trend line since June 18, at 13,952, a break of which could recall 13,880 and 13,750 on the chart.
USD/IDR daily chart
additional important levels
|Today last price||14042.5|
|Today Daily Change||28.0000|
|Today Daily Change %||0.20%|
|Today daily open||14014.5|
|Previous Daily High||14035|
|Previous Daily Low||13994|
|Previous Weekly High||14182|
|Previous Weekly Low||13971.3|
|Previous Monthly High||14276.5|
|Previous Monthly Low||13883|
|Daily Fibonacci 38.2%||14019.338|
|Daily Fibonacci 61.8%||14009.662|
|Daily Pivot Point S1||13994|
|Daily Pivot Point S2||13973.5|
|Daily Pivot Point S3||13953|
|Daily Pivot Point R1||14035|
|Daily Pivot Point R2||14055.5|
|Daily Pivot Point R3||14076|
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