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14000 Level To Be Tested The.......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: 14000 Level To Be Tested
The 14000 looks set to be tested in the near term following the recent decline,
and a break below here would be particularly bearish for the pair. This level
marks the Jan lows as well as up trendline support from the 2011 lows and a
break would make a strong case for a large bearish reversal, initially targeting
the June 6 low at 13837. Bulls need to see a break of down trendline resistance
from the Oct high at which comes in at 14340. A break above here would improve
the outlook and target the 200-dma at 14438, above which would suggest a
resumption of the long term bullish trend.

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