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Edging Back Towards Key 14000......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Edging Back Towards Key 14000 Area
This week's steady decline has put the focus back on the key 14000 level which
marks the Jan lows and up trendline support from the 2011 lows. A clean break
below here would make a strong case for a large bearish reversal, initially
targeting the June 6 low at 13837. Bulls need to see a break of down trendline
resistance from the Oct high at which comes in at 14340. A break above here
would improve the outlook and target the 200-dma at 14437, above which would
suggest a resumption of the long term bullish trend.

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