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55-DMA & Downtrend Resistance In...>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: 55-DMA & Downtrend Resistance In Focus
USDIDR has seen some uplift since holding above the 14000 level with bulls now
looking to clear the 55-dma at 14123 ahead of down trendline resistance from the
March 11 high which comes in at 14165. A break above here would open a run at
the 100-dma which comes in at 14219. On the downside bears look for a close
below 14000 to open the Feb 6 ytd low at 13898. Below here would extend the
downtrend towards the June 6, 2018 low at 13837.

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