USD/IDR technical analysis: Trades at four-month high, eyes bullish close above 14,335
JOIN OUR V.I.P SIGNALS GROUP FOR ONLY $30/MONTH BECOME V.I.P MEMBER JOIN NOW USD/IDR has jumped to four-month highs and is currently trading above key resistance at 14,335. A close above 14,335 would strengthen the case for a rally to 200-day moving average resistance. USD/IDR rose to 14,350 soon before press time, the highest level since January 4, amid escalating US-China trade tensions. With the rise to multi-month highs, the bullish view put forward by the ascending 5- and 10-day moving averages (MAs) stands reinforced. Further, the 50-day MA has crossed the 100-day MA from below, confirming a bullish crossover. As a result, the spot appears on track to test the 200-day moving average (MA), cur...
