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Bulls Target Downtrend.............>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bulls Target Downtrend Resistance
Bulls continue to target down trendline resistance from the Oct high. A break
above here would improve the outlook and target the 200-dma at 14433, above
which would suggest a resumption of the long term bullish trend. On the downside
bears look for a close below 14000 which marks the recent low/up trendline
support from the 2011 lows. Below here would make a strong case for a large
bearish reversal, initially targeting the June 6 2018 low at 13837.
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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