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Bears Need Close Below Idr13340....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below Idr13340
*RES 4: Idr13415 - High May 19 
*RES 3: Idr13410 - High July 7 & 10 
*RES 2: Idr13387 - 100-WMA 
*RES 1: Idr13380 - Low July 11 now resistance
*PRICE: Idr13377 @ 2300GMT
*SUP 1: Idr13340 - Low Aug 15 
*SUP 2: Idr13328 - 55-DMA 
*SUP 3: Idr13295 - Low July 19 
*SUP 4: Idr13270 - Low Apr 26
*COMMENTARY: Narrowing Bollinger bands suggested a breakout with a bullish close
Wednesday seeing pressure back on the Idr13380 resistance. Bulls look for a
close above this level to confirm focus on Idr13410-415 where monthly highs are
located. Bears now need a close below Idr13340 to confirm a break of the 200-DMA
(Idr13347), easing bullish pressure and shifting focus back to the 55-DMA.

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