DAILY OUTLOOK USD/IDR : March 14, 2013

[acetraderfx]

USD/IDR DAILY OUTLOOK – 9700

14 Mar 2013 04:47GMT

Although another day of consolidation is seen, as long as initial sup 9685 holds, re-test of Feb's 9725 top is likely, abv wud extend to 9735 later.

Trade fm long side with stop below there, break may risk stronger retrace. to 9660/65 b4 recovery.

STRATEGY : Long at 9700

POSITION : Long at 9700

OBJECTIVE: 9735

STOP-LOSS : 9680

RES : 9725 / 9770 / 9800

SUP : 9685 / 9660 / 9640