USD/IDR Technical Analysis: Bull bias intact despite pullback from 9-week highs

USD/IDR is currently trading at 14,250, down from the 9-week high of 14,335 hit on Friday. 

Despite the pullback, the outlook remains bullish, as both inverse head-and-shoulders and falling wedge breakout, confirmed on Friday, are still valid. 

The 5- and 10-day moving averages (MAs) are trending north. Further, the 5- and 10-week MAs have produced a bullish crossover. 

So, the pair could bounce from the ascending 5- and 10-week MAs, currently at 14,216 and 14,140, respectively. 

Daily chart

Trend: Bullish