USD/IDR Price News: Indonesian rupiah regains 14,500 inside short-term rising triangle

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  • USD/IDR marks another failure to rise beyond 14,620.
  • 14,380 might offer immediate support ahead of the triangle’s lower line.
  • Bulls can aim for 15,000 on the upside break of the formation.

USD/IDR seesaws around 14,500 while heading into the European session on Thursday. The pair earlier took a U-turn from a five-week-old horizontal resistance, forming part of a short-term ascending triangle. As a result, sellers keep eyes on the bearish pattern’s support for fresh impetus.

However, 14,380 is likely acting as a buffer before the quote slips below 14,170 to confirm further downside supporting formation. In doing so, 14,000 could become a rest-point during the fall to the previous month’s low near 13,850.

Meanwhile, an upside clearance of 14,620 will defy the chart play. Though, 14,680 and 14,900 could test the bulls before opening the door for the May 25 high of 15,017.

During the USD/IDR pairs’ additional rise past-15,017, 15,120 and 15,230 should check the buyers ahead of the May month’s top beyond 15,400.

USD/IDR four-hour chart

USD/IDR Price News: Indonesian rupiah regains 14,500 inside short-term rising triangle

Trend: Pullback expected

Additional important levels

Overview
Today last price 14503.05
Today Daily Change 169.3000
Today Daily Change % 1.18%
Today daily open 14333.75
Trends
Daily SMA20 14152.2012
Daily SMA50 14647.8995
Daily SMA100 14850.3136
Daily SMA200 14409.392
Levels
Previous Daily High 14617.5
Previous Daily Low 14225.7
Previous Weekly High 14381
Previous Weekly Low 14058.45
Previous Monthly High 14646.556
Previous Monthly Low 13853.0195
Daily Fibonacci 38.2% 14375.3676
Daily Fibonacci 61.8% 14467.8324
Daily Pivot Point S1 14167.1333
Daily Pivot Point S2 14000.5167
Daily Pivot Point S3 13775.3333
Daily Pivot Point R1 14558.9333
Daily Pivot Point R2 14784.1167
Daily Pivot Point R3 14950.7333

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