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Free AccessBears Need Close Below Idr13688....>
DOLLAR-IDR TECHS: Bears Need Close Below Idr13688
*RES 4: Idr13885 - High Feb 3 2016
*RES 3: Idr13832 - Daily Bull channel top
*RES 2: Idr13800 - 2018 High Mar 1
*RES 1: Idr13783 - Bollinger band top
*PRICE: Idr13763 @ 2300GMT
*SUP 1: Idr13730 - Low Mar 28
*SUP 2: Idr13688 - High Feb 22 now support
*SUP 3: Idr13640 - Low Feb 26
*SUP 4: Idr13618 - High Feb 21 now support
*COMMENTARY: The Idr13688 support reconfirmed significance with a bounce from
ahead of this level Tuesday. Bears continue to look for a close below Idr13688
to confirm traction below the 21-DMA (Idr13757) and hint at a move back to
Idr13530-13640 where 55 & 100-DMAs are situated. Bulls continue to look for a
close above 2018 highs to regain control and return focus to Idr13885 although
the Bollinger top may slow the move.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.