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Bulls Need Close Above Idr13965....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Bulls Need Close Above Idr13965
*RES 4: Idr14110 - Alternating daily support/resistance 
*RES 3: Idr14080 - High May 28 now support 
*RES 2: Idr14002 - 21-DMA 
*RES 1: Idr13965 - Low May 30 now resistance
*PRICE: Idr13925 @ 2300GMT
*SUP 1: Idr13911 - 55-DMA 
*SUP 2: Idr13830 - Low June 6 
*SUP 3: Idr13800 - High Mar 1 now support 
*SUP 4: Idr13785 - 100-DMA
*COMMENTARY: Bulls take comfort in the close above the 55-DMA Friday easing
bearish pressure and a becoming a concern for bears when combined with
correcting O/S daily studies. Bulls look for a close above Idr13965 to hint at a
correction back to Idr14080-14110 with above the 21-DMA to confirm. Bears now
look for a close back below the 55-DMA to retain focus on Idr13785-13800 where
the 100-DMA is located.

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