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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.
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Free Access21-DMA Acting As Resistance........>
DOLLAR-IDR TECHS: 21-DMA Acting As Resistance
USDIDR failed to close above the 21-dma on Thursday and Friday, and remains
below this level which comes in at 14540. The next upside target comes in at the
Nov 13 high of 14935, above which would suggest a resumption of the longer term
bullish trend. Bears need to close back below the 200-dma, currently at 14339.
Below here would re-ignite the downtrend that has been in place since the start
of November.
To read the full story
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Please enter your details below.
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.