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14000 Remains The Target Despite...>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: 14000 Remains The Target
Despite seeing a slight recovery in price action today the bearish trend remains
firmly intact with USDIDR closing in on the 14000 area following the recent
break below its 50-dma. The Feb 6 ytd low sits just below here 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 14129 to allow a run at the 100-dma at 14239.
Above here would open the key 200-dma which comes in at 14493.

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