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May 23, 2018 22:18 GMT
Bears Need Close Below Idr14110....>
DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bears Need Close Below Idr14110
*RES 4: Idr14730 - 2015 High Sept 29
*RES 3: Idr14620 - Low Oct 1 2015 now resistance
*RES 2: Idr14480 - Low Oct 5 2015 now resistance
*RES 1: Idr14210 - 2018 High May 23
*PRICE: Idr14150 @ 2300GMT
*SUP 1: Idr14110 - High May 16 now support
*SUP 2: Idr14035 - High May 15 now support
*SUP 3: Idr14012 - 21-DMA
*SUP 4: Idr13985 - High May 14 now support
*COMMENTARY: Bears failed to capitalise on dips last week with Friday's rally
reconfirming the bullish bias and fresh 2018 highs seeing immediate focus on
Idr14480-720 where 2015 highs are situated. Bears need a close below Idr14110 to
gain breathing room. Below the 21-DMA is needed to target a correction back to
Idr1.3800-862 where the 55-DMA (Idr13862) is found. The Bollinger top (Idr14207)
is the key concern for bulls.
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