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DOLLAR-IDR TECHS: Bullish Break
USDIDR managed to close cleanly above its 50-dma yesterday shifting the focus to
the upside as the pair traces out an inverse head and shoulders formation. A
close above the Jan 21 high at 14223 would confirm a bullish break, opening the
200-dma currently at 14471 which coincides with the inverse head-and-shoulders
breakout target. On the downside a break below 13898 would extend the broader
downtrend and put the focus back on the June 6 low at 13837.