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Bulls Still Look To 200-DMA -......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bulls Still Look To 200-DMA
- USDIDR continues to trade shy of last Friday's highs, but the near term focus
remains on the upside with any break above 14339 opening the key 200-dma which
comes in at 14479. 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 look for a break back below the 50-dma at 14118.
Below here would return the focus to the downside and on the 14000 support area.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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