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Free AccessBulls Now Need Close Above.........>
DOLLAR-IDR TECHS: Bulls Now Need Close Above Idr13295
*RES 4: Idr13332 - 200-DMA
*RES 3: Idr13319 - 100-DMA
*RES 2: Idr13295 - Low July 19 now resistance
*RES 1: Idr13288 - 21-DMA
*PRICE: Idr13279 @ 2300GMT
*SUP 1: Idr13250 - Low Sept 19
*SUP 2: Idr13220 - Low Sept 14
*SUP 3: Idr13175 - Low Sept 12
*SUP 4: Idr13135 - 2017 Low Sept 11
*COMMENTARY: The recovery from 2017 lows sees daily studies correcting from O/S
and adding support to the correction case. The Idr13288-295 resistance region
remains key. Bulls need a close above Idr13295 to hint a at a shift higher in
focus with above the 200-DMA (Idr13332) to see bulls targeting Idr13380-13415.
Initial support is noted at Idr13250 with bears needing a close below to ease
renewed bullish pressure.
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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.