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Daily Outlook: USD/KRW and USD/IDR

Published 01/29/2013, 10:13 PM
Updated 01/01/2017, 02:20 AM
USD/KRW
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USD/IDR
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SLCL
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DAILY USD/KRW OUTLOOK

: - 1082.5
30 Jan 2013 02:18GMT

USD's intra-day rebound from 1078.8 to 1084.3 suggests pullback from Monday's 1093.5 top has ended there and further gain to 1086.8 is envisioned.

Buy again on dips with stop as indicated and only below 1078.8 risks weakness to 1074.5 b4 recovery.

STRATEGY : Buy at 1081.5
OBJECTIVE : 1086.5
STOP-LOSS : 1079
RES : 1084.3/1086.8/1087.9
SUP : 1078.8/1074.5/1070.2


DAILY USD/IDR OUTLOOK: – 9700
30 Jan 2013 1:44GMT...

Yesterday's breach of this month's multi-year high at 9740 to 9750 suggests said uptrend would extend to 9775 after consolidation but 9800 would hold.

Trade from long side stop as indicated, below would bring stronger retracement to 9625.

STRATEGY : Long at 9680
POSITION : Long at 9680
OBJECTIVE : 9760
STOP-LOSS : 9690
RES : 9750 / 9775 / 9800
SUP : 9625 / 9590 / 9575


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