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DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: 200-DMA Back In Focus
USDIDR surged higher on Friday shifting the focus back to the key 200-dma which
comes in at 14474. This level coincides with the inverse head-and-shoulders
breakout target and a break above here would open a return to the Dec 11 high at
14655. On the downside bears need to recover the 50-dma at 14136 to return the
focus to the downside, below which would bring the 14000 support area back into
focus.