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Jun 11, 2019

USD/IDR technical analysis: Pullback from range resistance can recall 100-day SMA

Having to witness another pullback from its short-term trading range, USD/IDR is presently close to 23.6% Fibonacci retracement support.

Bears were capped at the 23.6%fibo. However, the weekly and monthly hammer make for a potential trend reversal. Channel resistance 55 guards a run ba