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DOLLAR-IDR TECHS: Testing Short Term Uptrend Support
USDIDR has broken lower out of its tight trading range and is testing up
trendline support from the Feb 26 lows. A break below here opens the 50-dma at
14129, below which would put the focus back on the 14000 support area and the
ytd low at 13898. Bulls target the 100-dma at 14284 ahead of the March 11 high
at 14339. Above here would open the key 200-dma which comes in at 14487.