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Moves Lower After The Holiday......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Moves Lower After The Holiday
Rate has edged lower after the holiday period, breaching the 55-dma in the
process, with bears now looking for a break below the May low at 14205. A move
below here would open the 100-dma at 14185. A break below here would suggest a
run at the April 18 low at 14000 ahead of the Feb 6 low at 13898. Bulls need to
reclaim the 200-dma at 14479 to turn things back in their favour. Reclaiming
this level would allow them to turn their focus to the May 22 high at 14528.
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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