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Recovery Gathers Some Momentum.....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Recovery Gathers Some Momentum
The recovery in USDIDR has gained some momentum as bulls look to target down
trendline resistance from the Oct high at 14340. A break above here would
improve the outlook and target the 200-dma at 14428, above which would suggest a
resumption of the long term bullish trend. On the downside bears look for a
close below 14000 which marks the recent low and up trendline support from the
2011 lows. Below here would make a strong case for a large bearish reversal,
initially targeting the June 6 low at 13837.

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