Free Trial

Bears consolidate the Key Break....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears consolidate the Key Break
USDIDR is consolidating below the 14000 level after yesterday's bearish break,
with the next downside target coming in at the June 6 low of 13837. Below here
there is no clear support level until the Jan 25 2018 low at 13268. Bulls need
to recover the 14000 level to stabilise the outlook and shift the focus back to
the Jan 21 high at 14233, which coincides with down trendline resistance from
the Oct high. A break above here would improve the outlook and target the
200-dma at 14443.

To read the full story

Close

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });