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Daily Studies Correcting From......>
DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Daily Studies Correcting From O/B
*RES 4: Idr13698 - Monthly High June 2 2016
*RES 3: Idr13649 - Rising TL off Sept & Oct highs
*RES 2: Idr13640 - 2017 High Oct 27
*RES 1: Idr13605 - High Oct 30
*PRICE: Idr13560 @ 2300GMT
*SUP 1: Idr13525 - 21-DMA
*SUP 2: Idr13500 - Low Oct 23
*SUP 3: Idr13455 - Low Oct 5
*SUP 4: Idr13450 - Bollinger band base
*COMMENTARY: Daily studies now correcting from O/B are a key concern for bulls
and have resulted in a break and close below the daily bull channel base
(Idr13598). Immediate focus has shifted to the 21-DMA with bears needing a close
below to add weight to their case for a move back to Idr13455. Bulls now need a
close above Idr13605 to ease bearish pressure and return immediate focus to 2017
highs.
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