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Downtrend Resistance In Focus A....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Downtrend Resistance In Focus
A short term base looks to be forming in USDIDR which puts the initial focus on
down trendline resistance from the Oct high at 14340. A break above here would
improve the outlook and target the 200-dma at 14426, 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 and up trendline support from the
2011 lows. Below here would make a strong case for a large bearish reversal,
initially targeting the June 6 low at 13837.

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