Daily Studies Correcting From......>

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.