USD/IDR technical analysis: Struggles between 200-DMA and 61.8% Fibo.

Key technical indicators restrict USD/IDR moves.
Sustained trading beyond a long-term DMA, normal RSI favor the buyers.

Anil Panchal FXStreet

USD/IDR registers another bounce off 200-day simple moving average (DMA) as it trades near 14,315 during Thursday’s Asian session.

The pair has been choppy between 200-DMA and 61.8% Fibonacci retracement of April-June declines off-late. Though, a sustained trading above key DMA favors USD/IDR buyers targeting another run-up to 61.8% Fibonacci retracement near 14,350.

Should prices manage to clear 14,350, June 17 high around 14,420 and monthly top surrounding 14,580 will be up on bulls’ radars.

On the downside break below 200-DMA level of 14,224 can quickly fetch prices to 38.2% Fibonacci retracement level around 14,120 whereas a 10-week-old rising trend-line at 14,043 will limit pair’s further declines.

In a case where USD/IDR slips beneath 14,043, 14,000 round-figure and July 19 low near 13,884 will be bears’ favorites.

USD/IDR daily chart

Trend: sideways

Additional important levels

Overview
Today last price	14315.25
Today Daily Change	76.0000
Today Daily Change %	0.53%
Today daily open	14239.25

Trends
Daily SMA20	14252.3475
Daily SMA50	14138.978
Daily SMA100	14205.51
Daily SMA200	14225.1595

Levels
Previous Daily High	14347.8
Previous Daily Low	14228.25
Previous Weekly High	14341.3
Previous Weekly Low	14115.95
Previous Monthly High	14240
Previous Monthly Low	13884
Daily Fibonacci 38.2%	14273.9181
Daily Fibonacci 61.8%	14302.1319
Daily Pivot Point S1	14195.7333
Daily Pivot Point S2	14152.2167
Daily Pivot Point S3	14076.1833
Daily Pivot Point R1	14315.2833
Daily Pivot Point R2	14391.3167
Daily Pivot Point R3	14434.8333

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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