Free Trial

14000 Acts As Support For Now......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: 14000 Acts As Support For Now
The strong performance of incumbent Joko Widodo at the polls saw USDIDR test the
key 14000 level earlier today. There has since been some uplift off this level
but the broader downtrend remains firmly intact with bears now looking to target
the Feb 6 ytd low at 13898. Below here would extend the downtrend towards the
June 6, 2018 low at 13837. Bulls look to use recover the 50-dma at 14131 to
allow a run at the 100-dma at 14233. Above here would open the key 200-dma which
comes in at 14492.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });