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USDIDR has extended its selloff....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: USDIDR has extended its selloff today with the 200-dma (at
14314) providing little support for the pair, which last trades at 14238. The
downtrend continues to show no sign of ending but the pair is trading at extreme
levels relative to its 50-dma (there have only two more extreme occasions in the
past decade). This suggests that at least a slowdown in the rate of decline is
likely. Resistance comes in at the 14500 level, above which would shift the
focus back to the upside and suggest a resumption of the longer term bullish
trend. 

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