Close Above 50-DMA Would Be........>

DOLLAR-IDR TECHS: Close Above 50-DMA Would Be Bullish

The 50-dma at 14146 continued to cap upside but a break is looking increasingly

likely as the pair traces out an inverse head and shoulders formation. Above

here would open the Feb 15 high at 14158 as the next upside target ahead of the

Jan 21 high at 14233. Above here would finally establish a higher high, opening

the 200-dma currently at 14470 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.