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1-Month NDF Ebb Lower

IDR

USD/IDR 1-month NDF last trade -57 figs at IDR14,300, with onshore Indonesian markets still closed. With local news flow subdued during the holiday period, USD dynamics provide the main driver.

  • Bears would be pleased by a dip through yesterday's low of IDR14,220, which would shift focus to May 7 low of IDR14,133. Conversely, a bounce above May 13 high of IDR14,403 would bring the 200-DMA at IDR14,452 into play.

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