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Potential Base Forming? USDIDR.....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Potential Base Forming?
USDIDR remains clear of 14000 and a potential base is forming ahead of this key
level. Bulls now look to take out the Jan 21 high 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 14441, above which would suggest a
resumption of the long term bullish trend. Bears keep their focus on the 14000
level which marks up trendline support from the 2011 lows. Below here would
allow a run at the June 6 low at 13837. 

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