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Major Bearish Break USDIDR has.....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Major Bearish Break
USDIDR has finally broken below the key 14000 level which marked up trendline
support from the 2011 lows. Bearish momentum now looks set to build as the June
6 low at 13837 comes into focus. Below here there is no clear support level
until the Jan 25 2018 low at 13268. Bulls need to recover the 14000 level to
stabilise the outlook and shift the focus back to the Jan 21 high at 14233,
which coincides with down trendline resistance from the Oct high. A break above
here would improve the outlook and target the 200-dma at 14443.

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