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Holding Pattern USDIDR has been....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Holding Pattern
USDIDR has been stuck in a very tight range over the past week but the bigger
picture looks increasingly like a large bottoming pattern is developing. Bulls
initially target the 100-dma at 14290 ahead of the March 11 high at 14339. Above
here would open the key 200-dma which comes in at 14485. To regain the upper
hand bears need to take out the 50-dma at 14130 to open the 14000 support area
and the ytd low at 13898. Below here would suggest a run at the 13837 level seen
at the June 5 low.

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