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Focus Returns To 200-DMA The.......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Focus Returns To 200-DMA
The pullback in USDIDR looks to have run its course as the focus now returns to
the 200-dma at 14480 and the May 22 high at 14528. A break above here would open
the Dec 11 high at 14655 ahead of the 61.8% retracement of the Oct-Feb decline
at 14755. Bears need to break below Friday's low at 14352 to open the 55/100-dma
at 14260/14188. A break below here would suggest a run at the April 18 low at
14000 ahead of the Feb 6 low at 13898.
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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